Economics Vocab

Economics Vocab

5th - 8th Grade

20 Qs

quiz-placeholder

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Economics Vocab

Economics Vocab

Assessment

Quiz

5th - 8th Grade

Easy

Created by

Leanne Stevens

Used 52+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the lowest amount of money a worker is allowed to be paid under the laws of the state

wage

minimum wage

salary

interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a person who works for another person or company in return for some form of pay

employee

producer

employer

consumer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

companies or people who create or provide goods or services in a society

employee

employer

producer

consumer

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a company or person who hires others to work for pay

employee

employer

consumer

producer

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a fixed amount of money paid for work done, usually at a yearly or monthly rate

minimum wage

wage

salary

interest

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

money paid to a worker for work done, often at an hourly rate

minimum wage

wage

salary

interest

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

money earned by a person when a bank or someone else pays them for use of their money

salary

interest

wage

income

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