The Market System

The Market System

7th - 8th Grade

12 Qs

quiz-placeholder

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The Market System

The Market System

Assessment

Quiz

Business, Social Studies

7th - 8th Grade

Practice Problem

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Created by

Jessica Curtis

Used 31+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total of all consumers in the economy is known as?

Financial Sector

Business Sector

Household Sector

Government Sector

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total of all producers in the economy is known as?

Financial Sector

Business Sector

Household Sector

Government Sector

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks and other financial intermediaries are a part of which sector?

Financial Sector

Business Sector

Household Sector

Government Sector

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Taxes and rates are a part of which sector?

Financial Sector

Business Sector

Household Sector

Government Sector

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The definition of a consumer is?

Some who makes/sells goods and services.

Some who buys/uses goods and services.

A product that is created to be sold.

Something someone does for you.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The definition of a good is?

Some who makes/sells goods and services.

Some who buys/uses goods and services.

A product that is created to be sold.

Something someone does for you.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The definition of a producer is?

Some who makes/sells goods and services.

Some who buys/uses goods and services.

A product that is created to be sold.

Something someone does for you.

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