Basic Econ Terms

Basic Econ Terms

5th - 6th Grade

20 Qs

quiz-placeholder

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Basic Econ Terms

Basic Econ Terms

Assessment

Quiz

Social Studies

5th - 6th Grade

Hard

Created by

Karen Lewis

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ is the study of the making, buying, and selling of goods and services.

Economics

Interdependence

Human Resources

Profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ is something you would like to have but is not necessary for survival.

Need

Barter

Want

Specialization

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ is something you must have in order to live.

Opportunity Cost

Deman

Free Enterprise

Need

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ means to trade with someone to get what you both want.

Natural Resources

Economics

Barter

Services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ are people working to produce goods and services.

Economic Choice

Profit

Goods

Human Resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______ are goods made by people and used to produce other goods and services.

Capital Resources

Specialization

Natural Resources

Supply

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______ are materials that come from nature.

Need

Economics

Natural Resources

Profit

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