Economics Review

Economics Review

Assessment

Flashcard

Created by

Kirsten Quinn

Social Studies

5th Grade

Hard

Student preview

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32 questions

Show all answers

1.

FLASHCARD QUESTION

Front

A person who uses or buys a good or service

Back

consumer

2.

FLASHCARD QUESTION

Front

The type of money that a country uses to buy or trade things.

Back

currency

3.

FLASHCARD QUESTION

Front

People’s willingness to buy goods or services.

Back

demands

4.

FLASHCARD QUESTION

Front

Whatever you have to give up getting what you want or need.

Back

opportunity cost

5.

FLASHCARD QUESTION

Front

A person who makes a good or produces a service.

Back

producer

6.

FLASHCARD QUESTION

Front

When there’s not enough of something you need or want.

Back

scarcity

7.

FLASHCARD QUESTION

Front

Something people do for other people for money.

Back

service

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