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Economics Review Flashcards | StudBud
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Economics Review
Economics Review
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StudBud Administration
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181 plays
A key review of 5th grade economic terms.
Flashcards
8 cards
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Practice quiz
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Questions
8
Answers
1
My mom needed to buy a new car, but needed a loan for $27,000.
Households
Business
Banking
Government
2
Industry that conducts financial transactions, checking account, and loans.
Entrepreneurship
Income
Banking
Competition
3
Any activity or organization that produces or exchanges goods or services for a profit.
Business
Government Spending
Prices
Households
4
Taxes are used to build city parks and public schools.
Business
Households
Banking
Government
5
Eastern and Northern cities paid a higher price for cattle. This
motivated
cowboys.
Banking
Government Revenue
Incentive
Markets
6
Chick-fil-A sells chicken sandwiches and waffle fries.
Business
Households
Government
Banking
7
My brother went to a car dealership and bought a new car. Which Sector?
Banking
Business
Household
Government
8
The city needed the raised funds from taxes to fix a public road.
Markets
Government Spending
Households
Government Revenue