Economics Basics for Grade 9

Economics Basics for Grade 9

Assessment

Flashcard

Social Studies

9th Grade

Easy

Created by

Jeshalyn Taloy

Used 3+ times

FREE Resource

Student preview

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10 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Economics

Back

Study of resources, production, distribution

2.

FLASHCARD QUESTION

Front

Supply and Demand

Back

Market forces determining price

3.

FLASHCARD QUESTION

Front

Inflation

Back

General increase in prices

4.

FLASHCARD QUESTION

Front

GDP

Back

Gross Domestic Product, economic health

5.

FLASHCARD QUESTION

Front

Market Economy

Back

Economic system based on supply and demand

6.

FLASHCARD QUESTION

Front

Opportunity Cost

Back

Cost of next best alternative

7.

FLASHCARD QUESTION

Front

Scarcity

Back

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