Economics Vocabulary Review Question Preview (ID: 52468)


You This Review Game To Better Understand Our Economics Vocabulary Words. Good Luck! TEACHERS: click here for quick copy question ID numbers.

to sell goods or services TO people in other countries
a) export
b) wages
c) profit
d) supply

the money paid to workers for the word that they do
a) demand
b) bartering
c) wages
d) scarcity

the amount of money that is left over after all the overhead has been paid
a) producer
b) profit
c) wages
d) import

the amount of goods available to the consumer
a) demand
b) profit
c) consumer
d) supply

how much consumers WANT a good
a) demand
b) bartering
c) capital resources
d) export

a very low supply of a good
a) export
b) import
c) scarcity
d) overhead

to trade goods and services for something other than money
a) demand
b) bartering
c) producer
d) wages

someone who MAKES OR SELLS a good or provides a service
a) consumer
b) import
c) export
d) producer

someone who BUYS a good or service
a) consumer
b) producer
c) profit
d) scarcity

the workers and people who are needed to make a good or provide a service
a) natural resources
b) profit
c) human resources
d) bartering

raw materials that come from the earth
a) natural resources
b) human resources
c) capital resources
d) wages

items such as equipment, machines, and money that help workers make goods or provide services
a) human resources
b) import
c) overhead
d) capital resources

the money needed to run a business
a) overhead
b) wages
c) profit
d) export

to buy goods or services FROM sellers in other countries
a) export
b) profit
c) bartering
d) import

the social science that studies the production, distribution, and consumption of goods and services
a) economics
b) profit
c) capital resources
d) export

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