Economics Vocabulary

Economics Vocabulary

6th - 7th Grade

18 Qs

quiz-placeholder

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Economics Vocabulary

Economics Vocabulary

Assessment

Quiz

Social Studies

6th - 7th Grade

Easy

Created by

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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