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Duplicate of Economics 6th grade Flashcards | StudBud

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Duplicate of Economics 6th grade

6 terms·StudBud Administration·17 plays

A #socialstudies #Quiz to help students understand and study the basics of economics!

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Questions 6

Answers

1
Putting resources into producing what you can best produce
Scarcity
Specialization
Human capital
Physical Capital
2
A person who starts a business is known as a
Entrepreneur
Trade
Specialization
Scarcity
3
Name three things you can invest your money in to make it grow.
Vacations, buying a couch, and quitting your job.
Real Estate, a business, and stock/ bonds.
Paying for lunch, renting an apartment, and college.
4
What is an example of an entrepreneur?
Putting a limit of goods imported.
Starting ones own business.
Stopping trade with another country.
Constructing a new factory.
5
What is an example of credit?
Buying a car.
Buying a candy bar.
Buying a skateboard.
Paying for your lunch.
6
A limited supply of something
Tariff
Scarcity
Entrepreneur
Quota