Economy

Economy

5th - 12th Grade

10 Qs

quiz-placeholder

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Economy

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Assessment

Quiz

Social Studies

5th - 12th Grade

Easy

Created by

Barbara Fallon

Used 30+ times

FREE Resource

10 questions

Show all answers

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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