
Economics Vocabulary
Authored by Joel Holtry
Social Studies
3rd Grade
Used 92+ times

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5 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
______________ buy goods or services that they need or want.
Consumers
Economy
Producers
Scarcity
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A system of buying and selling goods and services is called...
goods
services
economy
supply
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The amount of goods and services produced is called...
demand
scarcity
supply
economy
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A job that someone does for others is called a....
good
need
economy
service
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The amount of an item that consumers are willing to buy at different prices.
economy
taxes
supply
demand
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