Why Study Economics?

Why Study Economics?

2nd - 12th Grade

10 Qs

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2nd - 12th Grade

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Used 3+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a resource?

Things that are produced

Anything that is used to make a good or service.

Work done for other people.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a need?

Things we would like to have.

Something that is necessary to have in order to remain alive.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is economics?

Study of how people, and countries make choices on buying, selling, using, and distributing things.

Study of how wealth is distributed to all people in a society.

Study of how money is distributed.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Other than people, who else makes economic decisions?

Countries and Companies

Schools

Organizations

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a want?

Something we need to remain alive.

Things that we would like to have.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a service?

Work done for other people.

Work done for myself, and my own benefit.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a type of good?

Things that are produced or manufactured.

A car or video game.

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