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Economics Vocabulary

Authored by Kaylie Willis

Social Studies

3rd Grade

Used 14+ times

Economics Vocabulary
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ is the study of the economy.

opportunity cost

economics

trade

voluntary exchange

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ is the storage of money, possessions, and property.

economics

opportunity cost

consumer

wealth

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

___________ is something you can touch or hold.

service

economics

good

producer

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____________ is something someone does for someone else.

service

good

choice

trade

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____________ are resources used to produce goods and services.

productive resources

defective resources

multiple resources

trade

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Choose the 4 types of productive resources.

Human resources

Animal resources

Capital resources

Entrepreneurship

Natural resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

___________ is someone who produces or makes a good or service.

consumer

professor

producer

market economy

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