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
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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
30 sec • Ungraded
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
average amount of output (good or service) per unit of labor input
Division of Labor
act of buyers & sellers willingly & freely engaging in market transaction where both parties benefit
Money
people concentrate their efforts in the areas in which they have an advantage; allowing people to trade with the most efficiency
Voluntary Exchange
separation of tasks so workers perform fewer tasks in order to operate more efficiently
Productivity
acts as the medium of exchange
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