Economics

Economics

8th Grade

25 Qs

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Economics

Economics

Assessment

Quiz

8th Grade

Easy

CCSS
RI.7.2, RI.5.5, RI.8.2

+8

Standards-aligned

Created by

James Gribben

Used 76+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Quantity means

best item
the amount

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of how people make decisions given the resources that are provided to them.

Economics
Command Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The voluntary exchange of goods and services without any government intervention.

Market Economy
Traditional Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a drought severely reduces the amount of asparagus available to consumers, what would you expect to happen?

The demand for asparagus will go down.
The price of asparagus will go up.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

My new Nikes were introduced in May for $129.99, but by December they are being sold for $69.99.  According to the law of supply and demand, which is most likely to be true about the Nikes.

Supply for the Nikes are was hight but the demand was low.
Supply for the Nikes was low but demand was high.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economic system does the US have?

Market
Command
Traditional 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is...

studying goods, services, and how people can get them.
studying trees, bushes, and other plants.
studying animals and wildlife.
studying food, and how food is made.

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