Economics Vocabulary
Authored by Michelle Johnson
Social Studies
3rd Grade
Used 57+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the amount of a good or service available
producer
opportunity cost
supply
good
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
work that people pay other people to do for them
service
consumer
demand
profit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
people who buy goods and services
demand
consumer
supply
producer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the number of people wanting to buy a good or service
demand
opportunity cost
profit
supply
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a person who starts and/or owns a business
supply
entrepreneur
taxes
opportunity cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
people who make goods and services
producer
entrepreneur
consumer
demand
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
things that are made or grown that people buy
demand
profit
taxes
good
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