What Is Economics? Vocabulary Quiz

What Is Economics? Vocabulary Quiz

8th Grade

13 Qs

quiz-placeholder

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What Is Economics? Vocabulary Quiz

What Is Economics? Vocabulary Quiz

Assessment

Quiz

Social Studies

8th Grade

Hard

Created by

Elizabeth White

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Match the definition with its word:

products or services that satisfy human wants and needs

goods

services

wants

needs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Match the definition with its word:

an intangible act or benefit that a customer pays for

goods

services

wants

needs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Match the definition with its word:

a desire for a good, service, or activity that can be satisfied

goods

services

wants

needs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Match the definition with its word:

things that are essential for survival, like food, water, and shelter

goods

services

wants

needs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Match the definition with its word:

the resources used to produce goods and services, which are typically categorized as land, labor, capital, and entrepreneurship

factors of production

resources

circular flow model

natural resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Match the definition with its word:

the factors of production that create goods and services

factors of production

resources

land

natural resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Match the definition with its word:

industrial materials and capacities (such as mineral deposits and waterpower) supplied by nature

resources

factors of production

natural resources

land

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