BizTown Vocabulary #1
Authored by Diana Caudill
Social Studies
5th Grade
Used 202+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Human made resources
market
community
profit
capital
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A system to buy and sell goods, services, and resources
market
scarcity
philanthropy
opportunity cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People not being able to have everything they want due to limited resources
capital
enterprise
scarcity
circular flow
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A place where people live, work, trade, and share
enterprise
community
business
capital
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organization or task
enterprise
market
opportunity cost
capital
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A model for the movement of goods, services, resources, and money in an economy
market
community
enterprise
circular flow
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that is leftover after all costs are covered
market
business
opportunity cost
profit
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