Understanding Basic Economic Concepts

Understanding Basic Economic Concepts

Assessment

Flashcard

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Social Studies

2nd Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

What is a budget?

Back

A plan for how to spend money

2.

FLASHCARD QUESTION

Front

What do we call the things that people make or sell?

Back

goods

3.

FLASHCARD QUESTION

Front

What is it called when you put back money for later?

Back

saving

4.

FLASHCARD QUESTION

Front

What is a person called who buys things?

Back

consumer

5.

FLASHCARD QUESTION

Front

What do we call the money we use to buy things?

Back

currency

6.

FLASHCARD QUESTION

Front

What do we call things that we like but do not need?

Back

wants

7.

FLASHCARD QUESTION

Front

Which of the following is a need for everyone? food, video games, expensive shoes, movies

Back

food

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