Economy
Authored by Barbara Fallon
Social Studies
5th - 12th Grade
Used 30+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is economics?
The system of making and buying things to meet your needs and wants,
Something that is made to be sold.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a product?
Something that is made to be sold.
Things found in nature.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All things involved in producing a certain good (example: automotive, cosmetics)
Currency
Industry
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things found in nature.
Currency
Natural Resources
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Country's products sent elsewhere.
Exports
Imports
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One who buys and consumes.
Producer
Consumer
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a product is in demand, it causes the price to increase.
True
False
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