Economics Review
Authored by Amanda Rivas
Other, Mathematics
5th Grade
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27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who comes up with a product or service, and finds the money and time to produce this new product.
Entrepreneur
Incentive
Specialization
Barter
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When 2 people make a trade and feel they are better off because of that exchange.
Tax
Voluntary Exchange
Economics
Specialization
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much there is of a good or service.
Incentive
Supply
Demand
Loss
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The people who do the labor. Anyone who works.
Human Resource
Renewable Resource
Supply
Demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that the government collects from individuals and businesses to pay for public goods and services
Profit
Tax
Service
Loss
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Work done for a fee.
Goods
Service
Tax
Profit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When someone or a business chooses to specialize or produce certain items.
Entrepreneur
Economics
Voluntary Exchange
Specialization
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