Economics Review
Flashcard
•
Social Studies
•
3rd Grade
•
Hard
Wayground Content
FREE Resource
Student preview
23 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What you give up when making a decision.
Back
opportunity cost
2.
FLASHCARD QUESTION
Front
Someone who buys or uses goods and services.
Back
consumer
3.
FLASHCARD QUESTION
Front
People who produce goods and services.
Back
producer
4.
FLASHCARD QUESTION
Front
Resources that come from nature: water, soil, trees, coal, etc.
Back
natural resources
5.
FLASHCARD QUESTION
Front
Opportunity cost is...
Back
the value of the next best choice when you choose something else
6.
FLASHCARD QUESTION
Front
Work that is done by others.
Back
services
7.
FLASHCARD QUESTION
Front
The act of trading goods and services you have for goods and services you want
Back
trade
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