Economic Vocabulary

Economic Vocabulary

7th Grade

10 Qs

quiz-placeholder

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Economic Vocabulary

Economic Vocabulary

Assessment

Quiz

Geography

7th Grade

Medium

Created by

Erin Brown

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Items that can be sold or possessed

Benefits

Costs

Goods

Services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who purchases goods and services

Supplier

Benefit

Producer

Consumer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Relating to the production, distribution, and use of goods and services

Political

Supply

Economic

Benefit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A useful activity or system for supplying something useful that you can’t hold in your hand

Goods

Services

Economy

Benefits

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount the producers are willing/able to make

Supply

demand

cost

benefit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An advantage or profit gained from something

Supply

demand

cost

benefit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things that are required for you to live and function

Needs

wants

goods

services

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