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Economics Terms

Authored by Nicole Pellegrini

Social Studies

6th Grade

Used 4+ times

Economics Terms
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for how people make, spend, and trade money, goods, and services?

Goods

Services

Economy

Profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are things you can touch and buy, like food, toys, or clothes?

Services

Goods

Needs

Wants

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do we call jobs people do to help others, like teaching or cutting hair?

Goods

Services

Consumers

Producers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are things you must have to live, like food, water, and shelter?

Wants

Goods

Needs

Supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes things you would like to have but don’t need to survive, like a phone or candy?

Needs

Wants

Services

Profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are the people that buy goods or services?

Producers

Consumers

Suppliers

Economists

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do we call people or businesses that make or sell goods and services?

Consumers

Producers

Suppliers

Economists

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