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Economics Vocabulary

Social Studies

5th Grade

Used 57+ times

Economics Vocabulary
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An urgent or pressing requirement

supply

demand

surplus

scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gain resulting from the employment of capital in any transaction

profit

income

cost

market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A commercial treaty between two or more nations.

trade agreement

national treaty

opportunity cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To furnish or provide

demand

supply

surplus

provision

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rivalry offered by a competitor

company

competitor

competition

market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person or organization that uses a commodity or service

commodity

consumer

creator

producer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To bring in (merchandise, commodities, workers, etc.) from a foreign country for use, sale, processing, reexport, or services

Import

Export

Buy

Sell

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