Economics Vocab
Authored by Emma Mongelluzzi
History
7th Grade
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics
The study of the production, distribution and use of goods and services
Anything that can be grown or manufactured
An action a person does for someone else in exchange for money or value
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods
Anything that can be grown or manufactured
An action a person does for someone else in exchange for money or value
A product brought into a country to be sold there
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Services
someone who offers goods and services
an action someone does for someone else in exchange for money or value
a person who buys a good or service
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Producer
a product brought into anther country to be sold there
A good or service sent to another country for sale
Someone who creates or offers a good or service
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consumer
an exchange of goods or service
a person who buys a good or service
The amount of a product that a producer is willing and able to sell at a specified price
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Import
a product brought out of a country to be sold in other places
a product brought into a country to be sold there
an exchange of goods or services
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