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Economics Vocabulary

Authored by Angela Baker

Social Studies

4th - 6th Grade

24 Questions

Used 479+ times

Economics Vocabulary
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Items that can be bought or sold (and touched!)

goods

export

services

interdependence

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Activities done for others

goods

land

services

entrepreneurship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Resources found in nature

labor

capital

scarcity

land

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any worker using their skills

demand

capital

income

labor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Resources made by people

capital

production

services

import

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who starts, plans, or puts money into a business (risk)

budget

entrepreneurship

manufactured

goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People perform jobs based on their skills

specialization

division of labor

consumption

marketplace

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