Economics Vocabulary
Authored by Lucie D'Angelo
History
6th Grade
CCSS covered
Used 432+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system that is based on culture, tradition and rituals.
mixed economy
traditional economy
command economy
market economy
Tags
CCSS.RI.2.7
CCSS.RI.3.7
CCSS.RI.4.7
CCSS.RI.5.7
CCSS.RI.6.7
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total value of goods and services produced in a country in a year
NAFTA
GNP
GDP
EU
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the state of being in short supply
quantity
subsistence
scarcity
quota
Tags
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The percentage of a country's population over the age of 15 that can read or write
reading number
literacy rate
standard of living
entrepreneurship
Tags
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
CCSS.RI.8.4
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who comes up with a product or service, or a better way to produce one.
entrepreneur
human capital
capital good
natural resource
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system that relies on the government to make all economic decisions
traditional economy
market economy
mixed economy
command economy
Tags
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Focusing on a narrow range of products/services that can be produced most efficiently and cost-effectively.
subsistence
specialization
scarcity
bartering
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