
Economics Vocabulary
Authored by JEFFREY DAVIS
History
8th - 12th Grade
Used 23+ times

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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money that is given for a good or service.
Natural Resources
Price
Scarcity
Opportunity Cost
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All resources are limited, therefore choices must be made.
Scarcity
Choice
Profit
Opportunity Cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The personnel of a business or organization.
Entrepreneur
Demand
Service
Human Resources
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The money left over after all expenses have been paid.
Profit
Choice
Good
Consumption
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The person that takes the risk of starting a business.
Human Resource
Supply
Entrepreneur Resource
Prophet
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The factors of production that are used to produce goods and services.
Goods
Services
Demand
Resources
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When goods and services are used.
Consumption
Demand
Demand Curve
Supply Side
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