Get your students engaged and excited about common economics term, including: goods and services, needs and wants, resources, producers and consumers, etc. 

_____________ are things that people make or use to satisfy their needs and wants.

________________ are activities that satisfy people’s needs and wants.

______________ are people who use natural resources, human resources, and capital resources to make goods or provide services.

________________ are people who use services or buy goods.

_______________ resources are materials that come from nature.

______________ resources are people working to produce goods or provide services.

________________ resources are the things that people use to make the goods or provide their services.

The good or service that you give up when you make an economic choice is called _____________________.

Two or more people depending on each other for goods and services is called __________________________.

Being an expert in one job, product, or service is called ___________________.

The choice between two goods or services is known as ___________________.

The term used when there is not enough of something to go around is __________________.

These are examples of ________________ resources.

This picture shows examples of _________________ resources.

Basic Economics Term Quiz

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Basic Economics Term Quiz

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