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Chapter 1 Vocabulary

Authored by Julie Wilson

Social Studies

4th Grade

Used 32+ times

Chapter 1 Vocabulary
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Materials and people used to create goods and services

entrepreneurs

natural resources

productive resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People who start businesses to provide goods and services

Entrepreneurs

capital goods

productive resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What you give up as the result of a decision you make

cost

benefit

scarcity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What you give up in order to get what you choose

opportunity cost

productive resources

scarcity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A relationship in which each member of a group relies on the other members for something they need

Interdependence

productive resources

scarcity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rate at which goods are produced or work is completed

capital goods

productivity

standard of living

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The result of unlimited wants and limited resources

scarcity

natural resources

benefit

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