
Economics Vocabulary
Authored by Lisa Canterbury
Social Studies
6th Grade
Used 16+ times

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26 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
buys and uses goods and services
consumer
producer
entrepreneur
labor
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The number of consumers who want and able to buy a good or service.
demand
supply
opportunity cost
entrepreneur
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Items for sale that can be touched
goods
services
demand
profit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
things that people must have in order to survive
needs
wants
opportunity cost
scarcity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
someone who makes goods and services
producer
consumer
entrepreneur
government
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Many individuals desiring something that has limited availability; not being able to meet all the wants at the same time
scarcity
opportunity cost
supply
needs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
work done for someone else in exchange for payment
services
supply
scarcity
land
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