Economic Terms
Authored by Karen Tribett
Social Studies
3rd Grade
Used 64+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Occurs when there is not enough of something you want
budget
scarcity
resource
opportunity cost
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who uses goods and services
service
resource
consumer
producer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What people use to satisfy their needs and wants
resources
producer
consumer
interdependence
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People depending on each other to do their specialized jobs
consumption
production
income
interdependence
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The thing you give up when you have to make a choice between two or more things
economics
opportunity cost
goods
services
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who makes a good or provides a service
good
service
consumer
producer
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something people do for other people to satisfy their needs and wants
service
goods
resources
income
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