Economics Vocabulary
Authored by Crystal Grams
Mathematics
3rd - 4th Grade
Used 5+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The study of how goods and services are produced, distributed, and consumed.
Economics
Producer
Consumer
Value
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Goods that are used to make other goods or to provide services, (businesses, machines, money, etc. )
producer
consumer
Capital resource
currency
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A person who uses/buys a good or service.
export
producer
trade
consumer
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The type of money that a country uses to buy or trade things.
Currency
Demand
Good
resource
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
People's willingness to buy goods or services
export
Good
service
Demand
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Ship, or send out gods to other places.
Export
Import
Scarcity
Supply
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Something people buy that you can hold or touch.
Good
Opportunity Cost
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