Economic Principles

Economic Principles

Assessment

Flashcard

Social Studies

7th Grade

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

something that someone does for you, like give you a haircut or fix you dinner or even teach you social studies.

Back

service

2.

FLASHCARD QUESTION

Front

something that you can use or consume, like food or CDs or books or a car or clothes.

Back

good

3.

FLASHCARD QUESTION

Front

An ___________________ is a system for allocating resources to meet people's needs and wants. It determines how goods and services are made and exchanged.

Back

economy

4.

FLASHCARD QUESTION

Front

What is being shown in the picture?

Back

goods

5.

FLASHCARD QUESTION

Front

A waitress in a restaurant is an example of?

Back

service

6.

FLASHCARD QUESTION

Front

When there are not enough resources to satisfy our wants/needs

Back

scarcity

7.

FLASHCARD QUESTION

Front

People who buy and use goods/services

Back

consumer

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