Economics Vocabulary
Authored by Jennifer Trice
Social Studies
8th Grade
CCSS covered
Used 5+ times
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23 questions
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1.
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
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what is needed to make goods and provide services
productive resources
supply and demand
consumer
entrepreneur
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Items for sale that can be touched.
goods
services
demand
profit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
talents and skills of human beings
labor
land
capital
entrepreneur
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
material from Earth needed to make goods and services
land
labor
capital
entrepreneur
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
things that people must have in order to survive
needs
wants
opportunity cost
scarcity
Tags
CCSS.L.11-12.4C
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
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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