Basic Economics
Flashcard
•
Social Studies, Geography
•
5th - 8th Grade
•
Easy
Christie Johnson
Used 1+ times
FREE Resource
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18 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Economics is all about
Back
making decisions
2.
FLASHCARD QUESTION
Front
What do economic decisions begin with?
Back
fulfilling needs and wants
3.
FLASHCARD QUESTION
Front
Fresh water is a limited resource. This is an example of
Back
scarcity
4.
FLASHCARD QUESTION
Front
Scarcity can be a result of high demand and might lead to -
Back
higher prices
5.
FLASHCARD QUESTION
Front
This word means to encourage a behavior or decision.
Back
incentive
6.
FLASHCARD QUESTION
Front
This picture shows an example of -
Back
a negative incentive
7.
FLASHCARD QUESTION
Front
Economic incentives usually involve -
Back
money
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