Economics Vocabulary

Economics Vocabulary

4th Grade

10 Qs

quiz-placeholder

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Economics Vocabulary

Economics Vocabulary

Assessment

Quiz

Social Studies

4th Grade

Medium

Created by

Breann Koschel

Used 30+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is a good?

Teacher

When something is in low supply.

Things people make or grow to sell.

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is an example of a service?

Needs

Walking a dog

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

A want is...

Something you NEED to survive

A brand new Iphone!

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What do you need?

Water-Air-Candy

Food- Shelter-Air-Water

New clothes

Popcorn

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is the definition of a producer?

Someone who sells goods and services.

The amount of goods or services available to the customers.

Raw materials from the land.

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What does a consumer do?

Creates goods!

Buys goods!

Destroys goods!

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

How would you describe trying to find hand sanitizer during covid?

Scarcity

Service

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