Vocabulary Terms
Authored by Chloe Bickers
others
5th Grade
Used 10+ times
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
What is a good?
Something that us made, bought, and sold.
Work done for a person for money.
Cash or credit card.
2.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Which is an example of a service?
Gummy Worms
Target
Haircut
Pencils
3.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
If you are at the mall buying a new shirt, are you a producer or a consumer?
Producer
Consumer
4.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
What is a profit?
The money a business looses from paying expenses.
The money a business has left after all expenses are paid.
A service done for a person for money.
A measure of worth.
5.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
What is a want?
Something you desire. You do not NEED this thing for survival, it is something you choose to have.
Something you must have in order to survive or live your daily life.
The amount of something that is available.
6.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
____________ is how many people want or need something.
Supply
Good
Service
Demand
7.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Which is an example of a local business?
Target
Walmart
A store owned by your neighbor that sells handmade soap.
Starbucks
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