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Economics Review

Authored by Kaitlin Smith

Other

3rd Grade

Used 5+ times

Economics Review
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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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