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Economics

Authored by Katherine Ehle

Social Studies

5th Grade

Used 6+ times

Economics
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32 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the study of production, distribution, and consumption, or use of, goods and services that are available

consumers

economics

demand

supply

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People who buy goods and services

consumers

scarcity

supply

economics

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Customers desire to buy a particular thing or service

supply

demand

consumers

manufacture

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount of goods or services available

demand

supply

interest

manufacture

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

any item that can be bought or sold is a

supply

good

service

consumer

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

any action that one person or a group does for another in exchange for payment

goods

services

interest

trade agreement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

private businesses make decisions about what they produce and sell and what prices to charge - then individuals choose what to buy

free market economy

strong economy

cheap economy

government economy

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