
Basic Economics
Quiz
•
6th - 8th Grade
•
Medium
Samuel Flesburg
Used 22+ times
FREE Resource
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23 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do economists mean by the term "scarcity"?
Having too few or too little of resources
Having too many resources
Having just enough resources
Having the correct amount of resources
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Basic things humans need to survive
need
want
import
demand
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Extras that make life more enjoyable
want
need
producer
savings
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of making, buying, and selling goods or services
economics
producer
want
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount you have of a good was called the
Need
Supply
Demand
Want
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much a good is wanted by consumers is called
Need
Supply
Demand
Scarcity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something we use to make products
resource
scarcity
demand
supply
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