Economics Terms
Authored by Nicole Pellegrini
Social Studies
6th Grade
Used 4+ times
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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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