Economics 4th grade- Terms and Vocab

Workers are paid ______________ for the work they do.

• Profit

• Scarcity

• Bartering

• Wages

___________ is a term used to describe a very low supply.

• Overhead

• Profit

• Scarcity

• Export

A form of trade in which goods are services are traded for

something other than money is called ______________.

• Import

• Bartering

• Producer

• Consumer

A ___________ is someone who makes or sells a product.

• Consumer

• Producer

• Factory

• Profit

A ___________ is someone who buys a good or service.

• Consumer

• Producer

• Overhead

• Wages

The amount of money that is left after all of the overhead

has been paid is known as the ______________.

• Overhead

• Profit

• Wages

• Import

To ______________ means to buy goods and services

from sellers in other countries.

• Import

• Export

• Factory

• Consumer

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

To ______________ means to sell goods and services to

people in other countries.

• Factory

• Producer

• Import

• Export

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

______________ is the money needed to run a business.

• Factory

• Import

• Profit

• Overhead

______________ is a building in which goods are made.

• Wages

• Producer

• Scarcity

• Factory