Economics Review
Authored by Kaitlin Smith
Other
3rd Grade
Used 5+ times
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19 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are workers paid for work that they do?
wages
profit
export
overhead
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What term describes a very low supply?
profit
import
scarcity
wages
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the form of trade where goods and services are traded for something other than money?
factory
wages
scarcity
bartering
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Who makes or sells a product?
consumer
producer
overhead
factory
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Who buys a good or a service?
consumer
producer
overhead
factory
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the amount of money that is left after all overhead has been paid?
wages
import
bartering
profit
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the term for buying goods and services from sellers in other countries?
bartering
import
export
overhead
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