Intro to Economics Vocab
Authored by Taylor Skelton
Social Studies
6th - 8th Grade
Used 1+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tangible items that can be bought or sold
Industry
Goods
Services
Capital
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Intangible actions done by people; help or work provided directly to the public
Goods
Services
Capital
Free Market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All types of businesses that are related to the same good or service
Entrepreneur
Services
Economy
Industry
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All manmade objects and money needed to make products or preform services
Industry
Capital
Economy
Entrepreneur
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneur
A person who starts a business to earn a profit
Items that may be bought or sold
Businesses that are related to the same good or service
A person that explores goods and services around the world
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A system for how goods and services are produces and distributed in society
Capital
Economy
Department Stores
to place items on sale
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system in which prices and wages are determined by competition among business. It also allows people to create and sell what they choose.
Free Market
Surplus
Demand
Scarcity
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?
