Economics Vocabulary
Authored by Paul Crabtree
Social Studies
6th Grade
Used 5+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
person who buys the product
consumer
producer
scarcity
competition
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Needs
items that are made and sold
the person who creates the goods
something you must have to survive
something you enjoy, but don't need to survive
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an economic competition?
Hastings vs. Jones
Cincinnati Bengals vs. Cleveland Browns
Starbucks vs. Dunkin'
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supply
how much of a good or service there is
how many people want a good or service
insufficient resources to satisfy everyone's wants and needs
exit/out of the country
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is a social science that studies how people use scarce ____ to satisfy unlimited wants and needs
energy
dollars
competitors
resources
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bring in to the country
import
export
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Exit / out of the country
import
export
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