
Economics Vocabulary
Authored by Crystal Hall
Social Studies
4th Grade
Used 19+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Deciding what goods and services to produce, how to produce them, how much to produce, and how to distribute them to people.
Economic Growth
Scarcity
Economic Decisions
Economic Decline
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limited quantities of resources to meet unlimited wants
Scarcity
Economic Growth
Factors of Production
Financial Decision
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability of the economy to increase the production of goods and services
Economic Decline
Budget
Income
Economic Growth
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
General slowdown, prices low
Factors of Production
Economic Decline
Scarcity
Economic Growth
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Land, labor, and capital; the three groups of resources that are used to make all goods and services
Factors of Production
Financial Decision
Budget
Income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A decision about how to manage your money
Economic Decisions
Factors of Production
Economic Decline
Financial Decision
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Earnings from work or investment
Income
Economic Decline
Economic Growth
Factors of Production
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