Economics Vocabulary
Authored by Laura Horne
Social Studies
3rd Grade
Used 11+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
a person who buys goods and services
consumer
producer
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
a person who sells goods or services
consumer
producer
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
when making a choice between two things, this is the thing you give up in order to get something else
resources
opportunity cost
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
something that is made or grown
good
service
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
something someone does for someone
good
service
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
useful things including natural, capital, and human
resources
barter
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
to trade items without the use of money
resources
barter
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