Economics Vocabulary

Economics Vocabulary

6th Grade

18 Qs

quiz-placeholder

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Economics Vocabulary

Economics Vocabulary

Assessment

Quiz

Social Studies

6th Grade

Easy

Created by

Michelle Austing

Used 1+ times

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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: ______ is the amount of goods or services available.

Supply

Demand

Price

Revenue

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: ______ is the desire, willingness, and ability to buy a good or service.

Demand

Supply

Production

Investment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: ______ are items purchased by a consumer to satisfy needs and wants.

Goods

Services

Taxes

Loans

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: To send goods or services to another country for sale is called ______.

Export

Import

Barter

Manufacture

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: To bring a product into a country to be sold is called ______.

Import

Export

Manufacture

Distribute

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Not having enough of something is called ______.

Scarcity

Abundance

Sufficiency

Excess

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Having more of something than is needed is called ______.

Surplus

Deficit

Shortage

Lack

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