Economics Vocabulary
Authored by Stephanie Navarrete
Social Studies
6th Grade
Used 13+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consumer?
a person who takes things
a person who purchases goods and services for personal use
a person who takes good away
the economic factors affecting the price, demand, and availability of a commodity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Basic things humans need to survive
want
import
need
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
not being able to meet all wants at the same time
demand
supply
scarcity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Actions that people do for others
goods
services
supply
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of a need?
Something you would like to have but will be okay without it
Something you truly can't live without
None of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of a want?
Something you would like too have but will be okay without it.
Something you truly can't live without.
None of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is Starbucks?
Need
Want
Both
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