Economics Vocabulary Quiz #1

Economics Vocabulary Quiz #1

4th Grade

17 Qs

quiz-placeholder

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Economics Vocabulary Quiz #1

Economics Vocabulary Quiz #1

Assessment

Quiz

Social Studies

4th Grade

Medium

Created by

Melissa Hutchison

Used 5+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Not having enough of something

Scarcity

Limited Resources

Unlimited wants

Human resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Only having a certain amount of resources

human resources

unlimited wants

scarcity

limited resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There is no end to how many things people want and need.

human resources

limited resources

unlimited wants

scarcity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People and the skills and knowledge people bring to their work

capital resources

limited resources

natural resources

human resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Materials from nature, such as trees, or water that people use

capital resources

natural resources

human resources

limited resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things that are used to produce goods and services

capital resources

limited resources

natural resources

limited resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The thing you give up when you choose something else

competition

supply

demand

opportunity cost

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