
What Is Economics? Vocabulary Quiz
Authored by Elizabeth White
Social Studies
8th Grade

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13 questions
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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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