Making Economic Choices Vocabulary Quiz

A place where people buy and sell goods

Symbols that help measure distances on a map

All of the people and companies that sell similar goods and services

A person who takes a risk or chance and starts a business. 

A diagram that shows how something is done

The amount of something consumers are willing to buy for a certain price

Someone who makes and sells goods is a __________. 

To depend on each other

Goods made by people that help workers make goods and provide services

A team of specialized workers

The amount producers will make for a certain price

The skills, knowledge, and hard work that people bring to their jobs.

To send goods or services to another country for trade or sale

Someone who buys goods or services is called a __________. 

To buy goods or services from sellers in other countries