Q4 Economics Terms
Authored by Andrea Pritchard
English, Social Studies
7th Grade
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A product or service that people will pay for. Tangible (you can hold it in your hand)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any activity that fulfills a human want or need and returns money to those who provide it. Ex. Law mowing or haircut
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The quantity of something that producers have available for sale
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The desire to own something and the ability to pay for it
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person, company, or country that makes, grows, or supplies goods or commodities for sale
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who purchases goods and services
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