Economy for Beginners
Quiz
•
Geography
•
6th Grade
•
Medium
Rhea Kalb
Used 119+ times
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26 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the supply of a product or service goes up and the demand stays the same the price will typically do what?
rise
fall
stay the same
Consumer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The desire or willingness a consumer has to purchase a good or a service is called?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of goods or services available is called?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there is a shortage the price will usually?
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons?
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Cold weather in Florida has damaged this year’s orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the price of oranges?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An Entrepreneur
owns his/her own company
is a teacher
works at Chick Fil A
is a NASCAR driver
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