Economics Vocabulary
Authored by Andres Da Forno
Social Studies
5th Grade
CCSS covered
Used 2+ times
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35 questions
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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.1.6
CCSS.L.3.6
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.2.4E
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
someone who makes goods and services
producer
consumer
entrepreneur
government
Tags
CCSS.L.4.6
CCSS.RI.4.4
CCSS.RI.5.4
CCSS.W.4.2D
CCSS.W.5.2D
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.2.4E
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
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