Economics Vocab Flashcard

Economics Vocab Flashcard

Assessment

Flashcard

Social Studies

3rd Grade

Hard

Created by

Wayground Content

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

A person who uses resources to make goods or provide services is a _____________.

Back

producer

2.

FLASHCARD QUESTION

Front

Example of a service?

Back

babysitting

3.

FLASHCARD QUESTION

Front

Limited resources prevent meeting all wants.

Back

scarcity

4.

FLASHCARD QUESTION

Front

Focus on providing certain goods/services

Back

specialization

5.

FLASHCARD QUESTION

Front

Trading for desired items not owned

Back

interdependency

6.

FLASHCARD QUESTION

Front

The choice given up when making an economic decision

Back

opportunity cost

7.

FLASHCARD QUESTION

Front

Not a capital resource:

Back

a tree

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