Social Studies

9th -

12thgrade

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Economics Vocabulary

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  • 1. Multiple Choice
    30 seconds
    1 pt

    Which term is and economic term for MAKING goods and services?

    Production

    Consumption

    Assertion

    Completion

  • 2. Multiple Choice
    30 seconds
    1 pt

    Which economics term describes the physical things that are bought and sold in the economy?

    Production

    Goods

    Services

    Consumption

  • 3. Multiple Choice
    30 seconds
    1 pt

    Which economics term describes the way in which there are a limited number of resources to meet our unlimited wants and needs?

    Shortage

    Consumption

    Production

    Scarcity

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