economics

economics

KG - 5th Grade

7 Qs

quiz-placeholder

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Assessment

Quiz

Social Studies

KG - 5th Grade

Medium

Created by

Benjamin Kiedrowski

Used 1+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is supply?

how many people want it

who wants it

how much of something you have

none of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is demand ?

the supply

how much people want it

the people

none of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is a trade-off?

trading with another country

the opportunity cost

when people buy something

when people want something

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

what is scarcity ?

a low supply of something

having want of something

not having enough of something

having to much of something

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is surplus ?

having to much of something

what you want

I don't know

none of the above

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

what is international trade?

countries trade with one another

import and export

none if the above

I don't know

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is specialization ?

what a country is bad at

its what a country is gooooooood at

to make something custom

none of the above