Jim's Popcorn Daydream Vocab
Authored by ERIC SMITH
Life Skills
5th - 7th Grade
Used 19+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People and things used to produce goods and services
Free Enterprise
Resources
Profit
Scarcity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Merchandise and skills offered for a price
Free Enterprise
Goods and Services
Profit
Scarcity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy in which economic decisions are made in markets
Free Enterprise
Citizen
Business
Scarcity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which people can't have everything they want due to limited resources
Producer
Citizen
Business
Scarcity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The money that is left over after a business pays all its costs
Producer
Citizen
Business
Profit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Someone who makes goods or offers services that will be sold
Producer
Citizen
Business
Consumer
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who uses resources to start a business
Entrepreneur
Citizen
Business
Consumer
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