Economics Vocabulary Terms
Authored by Jordan Rigdon
Social Studies
3rd Grade
Used 3+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
22 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the lack of goods or services?
Supply
Scarcity
Demand
Barter
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do we call the forms of work people do for other people?
Goods
Services
Taxes
Barter
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a country manage its money and resources to produce, buy, and sell goods and services?
Economics
Barter
Supply
Interdependence
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are things people buy or sell called?
Services
Goods
Taxes
Natural resources
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the amount producers will make for a certain price?
Demand
Supply
Scarcity
Opportunity cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who makes and sells goods?
Consumer
Producer
Entrepreneur
Human resources
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the amount consumers are willing to buy for a certain price?
Supply
Demand
Scarcity
Barter
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
