Search Header Logo

Intro to Econ

Authored by Caroline Gwaltney

History

8th - 12th Grade

Used 9+ times

Intro to Econ
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

45 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an investment?

Starting a business

buying a new product

lending money to a business in return for a share of the profit

having a pay check deposited in a bank account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All resources and goods are limited. The inability to satisfy all wants and needs is called

Opportunity Cost

Scarcity

Production

Price

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an economy in which production, investment, prices, and incomes are determined centrally by a government.

Market
Buddhist
Traditional
Command

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses

Buddhist
Command
Market
Traditional

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

original economic system in which traditions,customs, and beliefs help shape the goods and the services the economy produces

Buddhist
Market
Command
Traditional

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Represented by the amount of people who need or want something

Supply
Opportunity Cost
Demand
Barter

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of a good/service that is able to be sold.
(How much you have)

Demand
Barter
Economy
Supply

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?