Economics Vocabulary
Authored by Kevin Nichols
History
6th Grade
Used 18+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
These are what we must have to survive?
wants
needs
goods
interdependence
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Making a good or providing a service.
service
supply
human
producer
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When companies or countries rely on each other for resources/ trade.
export
international trade
interdependence
specialization
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When a person, company, or country does a job very well.
specialization
good
want
competition
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
To bring in items or resources.
consumer
import
supply
good
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How much you have of a product/ resource.
good
want
competition
supply
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When countries around the world trade with each other.
export
international trade
scarcity
capitol
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