Economics Basics

Economics Basics

7th Grade

35 Qs

quiz-placeholder

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Economics Basics

Economics Basics

Assessment

Quiz

History

7th Grade

Practice Problem

Medium

CCSS
RI.5.5, RI.6.5, RI.7.5

+2

Standards-aligned

Created by

HMS Zablo

Used 36+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People need to have a motivation, or _________________to produce something.

incentive
supply
opportunity cost
competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who buys and uses goods and services

consumer
entrepreneur
resource
currency

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

another word for money

barter
economics
currency
price

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The place where goods and services are exchanged

barter
currency
market
resource

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The amount of money we pay for a good or service

currency
price
inflation
economics

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How much people want something

supply
demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of goods available is called what?

Surplus
Opportunity Cost
Demand
Supply

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