Economics VOCAB

Quiz
•
Social Studies
•
7th Grade
•
Easy
Quizizz Content
Used 45+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a desire for a good or service
need
wish
want
demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an economy based on customs and traditions
market economy
command economy
traditional economy
mixed economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
living within your means regardless of the level of those means
Financial Responsibility
Budgeting Skills
Wealth Accumulation
Debt Management
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an economic system where the government owns resources
capitalism
socialism
feudalism
mercantilism
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the desire for a good or service
supply
demand
wants
needs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
resources used to produce goods and services
factors of production
economic resources
production inputs
capital goods
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
individuals who start businesses
entrepreneurs
investors
employees
consultants
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