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Intro to Economics (Vocabulary)

Authored by Claire Gilliam

Social Studies

6th - 8th Grade

Used 26+ times

Intro to Economics (Vocabulary)
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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does affect mean?


Example: This medicine affects everyone differently.

completes

influences

sleeps

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does effect mean?


Example: The effects of the medicine were wearing off.

origin

cause

result

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does scarcity mean?


Example: Over-fishing can result in a scarcity of a type of fish.

too many resources

not enough resources

an unknown amount of resources

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does consumer mean?


Example: Food cannot easily be sent straight from farms to consumers.

a person who uses goods and services

seller

fence

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does economy mean?


Example: COVID-19 is affecting many things, especially the economy.

wasteful

new

managing resources

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does supply mean?


Example: A supply chain is a system of people and organizations that work together to get a product (like milk) to a consumer (like you).

amount of something available at any given time

wasteful

social

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does demand mean?


Example: Subway could not keep up with the demand for the $5 foot long.

seller

desire to purchase something

unknown amount

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