WorksheetsREACH Economics Vocabulary Quiz
Total questions: 25
Worksheet time: 13mins
Name
Class
Date
1.
someone who buys goods and services
a)
consumers
b)
currency
c)
producers
d)
saving
2.
Borrowing money
a)
loan
b)
taxes
3.
Money paid to the government
a)
taxes
b)
budget
4.
Things you can buy and use
a)
credit
b)
goods
5.
Jobs someone does for other people
a)
services
b)
credit
6.
A product that one country BUYS from another.
a)
import
b)
export
7.
Something that is used as a medium of exchange; money
a)
currency
b)
currency exchange
c)
bartering
8.
A product that one country SELLS to another.
a)
import
b)
export
9.
The factories, machines, and technology that people use to make products to sell.
a)
capital goods
b)
human capital
c)
entrepreneurship
10.
Creative, original thinkers who are willing to take risks to create new businesses and products.
a)
entrepreneurs
b)
human capital
c)
per capita gdp
11.
Goods sold to other countries
a)
imports
b)
exports
c)
quota
12.
a person who starts a business
a)
service professionals
b)
entrepreneur
c)
human capital
13.
the bills and coins used to purchase and goods and services
a)
currency
b)
exchange rate
c)
tariff
14.
goods purchased from other countries
a)
imports
b)
exports
c)
quota
15.
gifts of nature
a)
natural resources
b)
physical capital
c)
specialization
16.
an amount of money that you owe someone
a)
credit
b)
price
c)
debt
d)
savings
17.
someone who makes the goods or services
a)
taxes
b)
producer
c)
natural resource
d)
saving
18.
to set aside money for later in a bank
a)
spending
b)
budget
c)
saving
d)
shopping
19.
people who work to provide goods and services
a)
capital resources
b)
store resources
c)
human resources
d)
animal resources
20.
the exchange of one kind of product or servive for another
a)
shopping
b)
budgeting
c)
saving
d)
trade
21.
people who purchase goods and services
a)
producer
b)
consumer
c)
enterpreneur
d)
goods
22.
when producers and consumers depend on each other
a)
entrepreneur
b)
human resources
c)
interdependence
d)
imports
23.
swapping one good for another, bartering
a)
selling
b)
giving
c)
exports
d)
trading
24.
money taken out of your paychecks and charged when paying for goods and services, used by the government
a)
texes
b)
currency
c)
profit
d)
exports
25.
resources found in nature
a)
human resources
b)
capital resources
c)
natural resources
100 %
