Economics Quiz

Activities that help others

• benefit

• services

• goods

Money that people earn by working

• service

• income

• opportunity cost

These are things that people can buy, grow, or make

• service

• trade

• goods

When there is not enough of something

• scarcity

• goods

• benefit

Tags

CCSS.RI.1.5

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.K.5

What you give up when you make a choice

• opportunity cost

• benefit

• good

What you get when you make a choice

• opportunity cost

• benefit

• trade

You trade a snickers bar for a blowpop. Is this a fair trade or unfair trade?

• fair trade

• unfair trade

Is this a good or a service?

Hairdresser

• good

• service

Is this a good or a service?

candy

• good

• service

When you trade for something- this is called

• benefit

• bartering

• scarcity

Tags

CCSS.RI.2.1

CCSS.RL.2.1

CCSS.RL.2.2

CCSS.RL.3.1

CCSS.RL.3.2