Ag Business

Ag Business

Assessment

Flashcard

Science

11th Grade

Hard

NGSS
HS-ETS1-1, HS-ETS1-3

Standards-aligned

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15 questions

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1.

FLASHCARD QUESTION

Front

What happens to the price of a popular item when supply is low?

Back

The price will go up.

2.

FLASHCARD QUESTION

Front

What is the term for what a business has left after all the bills have been paid?

Back

Profit

3.

FLASHCARD QUESTION

Front

What is the term for the amount of goods or services available?

Back

Supply

4.

FLASHCARD QUESTION

Front

What do we call physical items that you can touch and see?

Back

Goods

5.

FLASHCARD QUESTION

Front

What is the term for a task performed for someone else, often in exchange for payment?

Back

Service

6.

FLASHCARD QUESTION

Front

What is the economic principle that describes the relationship between supply and demand?

Back

The law of supply and demand states that as supply increases, demand decreases, and vice versa.

7.

FLASHCARD QUESTION

Front

What is the difference between a need and a want?

Back

A need is something essential for survival, while a want is something desired but not essential.

Tags

NGSS.HS-ETS1-1

NGSS.HS-ETS1-3

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