Economics - Unit 1 - Lesson 3
Interactive Video
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Social Studies
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6th - 8th Grade
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Practice Problem
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Easy
Sara Honsinger
Used 3+ times
FREE Resource
19 questions
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1.
SLIDE QUESTION
30 sec • Ungraded
2.
SLIDE QUESTION
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3.
SLIDE QUESTION
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4.
SLIDE QUESTION
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5.
SLIDE QUESTION
30 sec • Ungraded
6.
SLIDE QUESTION
30 sec • Ungraded
7.
MATCH QUESTION
1 min • 5 pts
Match the economics term to the correct definition.
Specialization
act of buyers & sellers willingly & freely engaging in market transaction where both parties benefit
Productivity
separation of tasks so workers perform fewer tasks in order to operate more efficiently
Money
average amount of output (good or service) per unit of labor input
Voluntary Exchange
people concentrate their efforts in the areas in which they have an advantage; allowing people to trade with the most efficiency
Division of Labor
acts as the medium of exchange
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