Economics Vocabulary

Quiz
•
Social Studies
•
6th - 7th Grade
•
Easy
Amber Lovas
Used 51+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of how people choose to use limited resources to satisfy their unlimited wants.
Consumer
International Trade
Economics
Agriculture
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that can be grown or manufactured (made)
Consumer
Producer
Goods
Services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something a person does for someone else in exchange for money or value.
Producer
Consumer
Goods
Services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Someone who uses resources to make a good or service.
Producer
Consumer
Goods
Services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Someone who buys or trades a good or service.
Producer
Consumer
Goods
Services
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money earned from a job
Export
Import
Income
Scarcity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods brought into one country from another through trade or sale.
Import
Export
Income
Scarcity
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