
Economics Vocabulary
Authored by Jayne Andrews
Social Studies, History
6th - 8th Grade
Used 15+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Describes how a group of people decide what to make, how to make it, and for whom to make it.
Government
Economics
Command
Legend
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The knowledge and skills (education) that allow workers to produce goods and services and earn a salary.
Entrepreneurship
Human Capital/Labor
Capital Goods/Physical Capital
Natural Resources
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Goods such as factories, machines, and tools that workers use to make other goods.
Entrepreneurship
Human Capital/Labor
Capital Goods/Physical Capital
Natural Resources
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Raw materials used to support life and make goods
Entrepreneurship
Human Capital/Labor
Capital Goods/Physical Capital
Natural Resources
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
People who take a risk to start their own business.
Entrepreneurship
Human Capital/Labor
Capital Goods/Physical Capital
Natural Resources
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Tangible (touchable) objects that satisfy economic wants.
Goods
Services
Consumer
Producer
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Activities performed by people to satisfy economic wants.
Goods
Services
Consumer
Producer
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