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Economics Vocab

Economics Vocab

Assessment

Flashcard

6th - 8th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

Coach orders 15 shirts for 15 players wanting one. Economic term?

Back

Supply & Demand.

2.

FLASHCARD QUESTION

Front

Ms. Thomas loves shopping for various items. What is she?

Back

A consumer

3.

FLASHCARD QUESTION

Front

Bob, the local farmer, grows vegetables and fruits like oranges, apples, green beans, & tomatoes for the grocery store. What is Bob called in economics?

Back

A producer.

4.

FLASHCARD QUESTION

Front

Fran's bakery sold 50 muffins, 100 cupcakes, 32 cakes, & 45 pastries, but 4 cupcakes remained. What does this represent?

Back

A surplus.

5.

FLASHCARD QUESTION

Front

Todd became a heart surgeon, now one of the best. What term describes this?

Back

Specialization of Labor.

6.

FLASHCARD QUESTION

Front

Dog walkers, lawn mowers, doctors, waiters, & maids share a commonality.

Back

They all offer services.

7.

FLASHCARD QUESTION

Front

Purchased: 5 shirts, 2 shoes, a phone case, a pretzel.

Back

Goods

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