Economics
Flashcard
•
Social Studies
•
3rd - 4th Grade
•
Hard
Wayground Content
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
the study of the buying, making, and selling of goods and services
Back
economics
2.
FLASHCARD QUESTION
Front
If there are 4 pieces of pie and 3 people, is there scarcity?
Back
no
3.
FLASHCARD QUESTION
Front
I bought a lollipop for $1 and sold it to my sister for $2. Did I make a profit or incur a loss?
Back
profit
4.
FLASHCARD QUESTION
Front
The process of choosing one good or service over another. The item not chosen is the __________.
Back
opportunity cost
5.
FLASHCARD QUESTION
Front
I go to the doctor for a checkup. The doctor is providing a __________.
Back
service
6.
FLASHCARD QUESTION
Front
Trading one good or service for another is
Back
bartering
7.
FLASHCARD QUESTION
Front
I buy an apple at the supermarket. The apple is a:
good
,service
,opportunity cost
Back
good
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