Economics Vocabulary
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Economics Vocabulary
Quiz
•
Social Studies
•
5th Grade
•
Hard
+11
Standards-aligned
Andres Da Forno
Used 2+ times
FREE Resource
35 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
buys and uses goods and services
consumer
producer
entrepreneur
labor
2.
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
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a person who has the ideas and skills to start a business
entrepreneur
laborer
manager
consumer
Tags
CCSS.L.4.6
CCSS.L.3.6
CCSS.L.1.6
CCSS.L.K.5A
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Items for sale that can be touched.
goods
services
demand
profit
5.
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.9-10.4C
CCSS.L.8.4C
CCSS.L.7.4C
CCSS.L.6.4C
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
someone who makes goods and services
producer
consumer
entrepreneur
government
Tags
CCSS.L.11-12.6
CCSS.W.11-12.2D
CCSS.L.9-10.6
CCSS.W.9-10.2D
CCSS.L.8.6
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the amount of money a business makes after its expenses are paid
profit
supply
demand
scarcity
Tags
CCSS.L.11-12.4C
CCSS.L.9-10.4C
CCSS.L.8.4C
CCSS.L.7.4C
CCSS.L.6.4C
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