Economics Key Terms

Economics Key Terms

Assessment

Flashcard

History

8th Grade

Hard

Created by

Wayground Content

FREE Resource

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31 questions

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1.

FLASHCARD QUESTION

Front

More of something than is needed

Back

Surplus

2.

FLASHCARD QUESTION

Front

To give out in shares, to scatter or spread

Back

Distribute

3.

FLASHCARD QUESTION

Front

The type of arrangement in which each worker specializes in a particular task or job

Back

Division of labor

4.

FLASHCARD QUESTION

Front

Materials found in the Earth that people need and value

Back

Resources

5.

FLASHCARD QUESTION

Front

Exchange goods without involving money

Back

Barter

6.

FLASHCARD QUESTION

Front

Goods sold to other countries

Back

Exports

7.

FLASHCARD QUESTION

Front

An economic system in which government makes all the economic decisions

Back

Command Economy

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