Basics of Economics

Basics of Economics

Assessment

Flashcard

Social Studies

7th - 8th Grade

Hard

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25 questions

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1.

FLASHCARD QUESTION

Front

The inability to satisfy all wants at the same time.

Back

scarcity

2.

FLASHCARD QUESTION

Front

Factors of production that include natural, human, capital, and entrepreneurship.

Back

resources

3.

FLASHCARD QUESTION

Front

These are resources found in nature.

Back

natural resources

4.

FLASHCARD QUESTION

Front

These are resources that people can do such as being a teacher or a delivery driver.

Back

human resources

5.

FLASHCARD QUESTION

Front

Products that humans create for a purpose.

Back

capital resources

6.

FLASHCARD QUESTION

Front

This is making money from any type of resource.

Back

entrepreneurship

7.

FLASHCARD QUESTION

Front

The selection of an item or action from a set of possible alternatives.

Back

choice

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