
Econ and Me Vocab
Quiz
•
Social Studies
•
3rd - 5th Grade
•
Easy
Kimberly Bancroft
Used 1+ times
FREE Resource
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14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is scarcity?
someone that makes a good
shortness of supply; not enough
something used to make a good
the relationship between people and places within a community
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a resource?
providing only one good or service
someone that makes a good
something used to make a good
a person involved in the production/making of a good or service
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Who is a consumer?
someone that uses or buys goods and services
a good sold to another country
something used or bought
shortness of supply; not enough of something
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a good?
the act of doing something for someone else
providing only ONE good or service
something used or bought
a resource found in nature
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a service?
shortness of supply; not enough
someone that makes a good
someone that uses goods and services
the act of doing something for someone else
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Who is a producer?
anything used in the production/making of a good and service
someone that makes a good or provides a service
something used or bought
the relationship between people and places within a community
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a natural resource?
a resource found in nature
a person involved in the production of a good or service
anything used in the production/making of a good or service
something used or bought
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