
Economic Terms
Authored by Pamela Nunn
History
4th - 5th Grade
Used 21+ times

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18 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Which sector of the economy collects taxes?
Household
Government
Banks
Private Business
2.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
What is an entrepreneur?
A person in a household
A human resource
A person that takes a risk to start a business
A person that pays taxes
3.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
What would be considered to be a price incentive?
A sale on an item
A choice of colors of an item
A new store opening
Giving money to the government
4.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
If you owe someone money, you're _____________
personal budget
loan
in debt
a human resource
5.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Which of the four major sectors in the US economy provides checking accounts, savings accounts, and loans?
Government
Household
Banks
Private Business
6.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Walmart and Target want to get the most customers in their store. This is an example of ______________
interest
debt
competition
loan
7.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
You got a loan from the bank to buy a car. You end up paying the bank more than you borrowed because of the ____________ added on by the bank.
income
debt
loan
interest
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