BizTown Vocabulary #1

BizTown Vocabulary #1

5th Grade

10 Qs

quiz-placeholder

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BizTown Vocabulary #1

BizTown Vocabulary #1

Assessment

Quiz

Social Studies

5th Grade

Medium

Created by

Diana Caudill

Used 192+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Human made resources

market

community

profit

capital

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A system to buy and sell goods, services, and resources

market

scarcity

philanthropy

opportunity cost

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People not being able to have everything they want due to limited resources

capital

enterprise

scarcity

circular flow

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A place where people live, work, trade, and share

enterprise

community

business

capital

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An organization or task

enterprise

market

opportunity cost

capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A model for the movement of goods, services, resources, and money in an economy

market

community

enterprise

circular flow

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that is leftover after all costs are covered

market

business

opportunity cost

profit

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