Economics Vocabulary Practice

Economics Vocabulary Practice

8th Grade

20 Qs

quiz-placeholder

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Economics Vocabulary Practice

Economics Vocabulary Practice

Assessment

Quiz

History

8th Grade

Medium

CCSS
L.11-12.4C, L.1.6, L.7.6

+11

Standards-aligned

Created by

Julia Hagemeier

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

buys and uses goods and services

consumer

producer

entrepreneur

labor

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The number of consumers who want and able to buy a good or service.

demand

supply

opportunity cost

entrepreneur

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Deals with production, distribution, consumption of goods and services and satisfying peoples wants and needs.

economics

demand

supply

entrepreneur

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a person who has the ideas and skills to start a business

entrepreneur

laborer

manager

consumer

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.L.K.5A

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Items for sale that can be touched.

goods

services

demand

profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

material from Earth needed to make goods and services

land

labor

capital

entrepreneur

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the value of the second-best choice that is given up when a decision is made

opportunity cost

producer

profit

scarcity

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