Economics Vocab.

Economics Vocab.

6th Grade

15 Qs

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Economics Vocab.

Economics Vocab.

Assessment

Quiz

Geography

6th Grade

Practice Problem

Medium

Created by

Darci Hemphill

Used 32+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A product that people in one country buy from people in another country.

IMPORT

EXPORT

STUFF

MERCHANDISE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Consumers willingness & ability to purchase a product or service.

CASHFLOW

SALARY

DEMAND

WAGE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The study of how people use resources to produce, distribute, & consume goods & services.

TREASURY

EMPLOYMENT

MONEY MANAGEMENT

ECONOMICS

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The amount of a product or service that is available for consumers to buy.

DEMAND

SUPPLY

INVENTORY

WAREHOUSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The money or value that is gained after you subtract the costs involved.

OVERAGE

SURPLUS

PROFIT

GAINS

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Any physical environmental item that people perceive to be useful in producing goods & services.

PRODUCTS

NATURAL RESOURCES

SURPLUSSES

INVENORY

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

An organized way a society uses to produce, distribute, & consume goods & services.

FINANCIAL

SYSTEM

FLOW CHART

GOVERNMENT

ECONOMIC SYSTEM

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