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Economics Unit 1 Review

Economics Unit 1 Review

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

Individuals who come up with a new idea for a good or service, then they make it a reality

Back

entrepreneur

2.

FLASHCARD QUESTION

Front

Something we use from nature

Back

natural resource

3.

FLASHCARD QUESTION

Front

The idea that resources are limited; we don't have an unlimited supply of what we want

Back

scarcity

4.

FLASHCARD QUESTION

Front

Which of the following is a need? Crayons, Video Games, Basketballs, Houses

Media Image

Back

Houses

5.

FLASHCARD QUESTION

Front

If video games are not a need, what are they?

Media Image

Back

a want

6.

FLASHCARD QUESTION

Front

Human-made materials used to produce goods and services.

Back

capital

7.

FLASHCARD QUESTION

Front

An economy where the government controls the factors of production resources.

Back

command

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