Economic Terminology
Quiz
•
Social Studies
•
5th - 8th Grade
•
Medium
+2
Standards-aligned
Lisa Bruckman
Used 23+ times
FREE Resource
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15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a system for producing, distributing, and consuming goods and services?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person, company or business that uses goods and services.
Consumer
Producer
Entrepreneur
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person, company or business makes goods and provides services for consumers.
Producer
Resource
Consumer
Supply
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When someone does help or work for someone, it is called a...?
Tags
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The combining of resources to make a good or service
Consumption
Opportunity Cost
Supply & Demand
Production
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Objects of value acquired and used by consumers
distribution
economy
service
goods
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Actions or activities an individual, company, or business provides for someone else
producers
goods
production
service
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