Economics Vocabulary
Quiz
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Other
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7th Grade
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Practice Problem
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Medium
Shemika Jones
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17 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The process of choosing one good or service over another.
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The money that the government collects from individuals and businesses to pay for public goods and services.
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
There is a limited amount of something.
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A person who comes up with a product or service, or a better way to produce one.
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
When the amount of money a person or company spends is more than they receive or take in
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Anyone who buys a good or service
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
When people depend on one another
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