Economics vocab

Economics vocab

6th Grade

14 Qs

quiz-placeholder

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Economics vocab

Economics vocab

Assessment

Quiz

Social Studies

6th Grade

Practice Problem

Medium

Created by

Cathy Harper

Used 2+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the study of the manufacture, distribution, sale, and use of goods and services

producer

supply

profit

economics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a person who provides goods or services

producer

consumer

entrepreneur

revenue

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

someone who uses goods and services

consumer

producer

entrepreneur

profit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount that consumers are able and willing to buy at all possible prices at a given time

demand

supply

scarcity

profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount that producers are able and willing to produce and sell at all prices at a given time

scarcity

profit

supply

demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

when there are not enough goods or services to satisfy the wants and needs of the people

demand

scarcity

free market

revenue

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the 4 parts that all businesses rely on to allow them to operate smoothly

free market

capitalism

factors of production

economics

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