Economics Vocabulary
Authored by Julia Schuster
Business
8th Grade
Used 1+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Term for all the activities involved in developing and exchanging products
Business
Consumer
Monetary Policy
Utility
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that can be bought or sold; includes goods and services
Product
Business
Wages
Utility
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A physical item that can be touched
Good
Service
Market
Profit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An action or task that is performed, usually for a fee
Service
Good
Market
Wages
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An individual or group who buys products; referred to as a client in service businesses
Customer
Market
Business
Service
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Customers who purchase goods and services for their own use
Consumers
Businesses
Standard of living
Wages
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something a person must have in order to survive
Need
Want
Good
Service
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