Economy Vocabulary Review
Authored by ChiKita Peterson
Social Studies
3rd Grade
Used 12+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Ship or send out goods to other places.
Income
Export
Import
Supply
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The decision a consumer makes between two goods or services.
Opportunity cost
Economic choice
Scarcity
Service
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Coins, paper bills, and checks used in exchange for goods and services.
Service
Money
Economic choice
Opportunity cost
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
People's willingness to buy goods and services.
Demand
Supply
Income
Import
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Not being able to meet all wants because resources are limited.
Service
Supply
Scarcity
Import
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The money you earn.
Import
Export
Money
Income
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Products and services businesses provide.
Demand
Supply
Money
Opportunity cost
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