Economic Vocabulary
Authored by Aron Maroto
History
3rd Grade
Used 30+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any kind of money people use
currency
supply
budget
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money people earn for work...
How much a person makes
goods
income
supply
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things people buy or sell, such as dolls or toys.
supply
goods
human resources
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Work people do for others....such as a teacher or babysitter.
good
service
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A plan for using your money.
Mommy has $100 to spend on Christmas presents.
income
budget
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lack of goods or services.
example = Hatchimals
demand
scarcity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Someone who makes and sells goods
producer
consumer
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