
Economics Vocabulary Quiz
Authored by Karen Calhoun
Geography
6th - 7th Grade
Used 27+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is study of the making, buying, and selling of goods or services?
economics
free enterprise
Gross Domestic Product
specialization
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is a limit on the amount of goods shipped to a country?
service
producer
embargo
quota
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is a tariff?
the voluntary exchange of goods, services, or both
The total value of all goods and services produced by a country in a year.
a tax placed on all imported goods
when a country stops trading with another country altogether
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Any kind of work performed for others is called which of the following?
a good
a service
a quota
a trade barrier
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the term for when people or countries depend on one another?
entrepreneur
specialization
international trade
interdependence
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is a producer?
Anyone who makes or grows a good or performs a service
Items used to produce other goods, such as computers, machines, and factories
A person who organizes, operates, and assumes the risk for a business venture
When companies compete with one another to get the most customers
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
an item that is coming in to a country
Import
Export
Embargo
Tariff
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?