
Economic & Management Science
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Other
3rd - 9th Grade
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19 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these examples is a service?
Mr. Farr sells guitars.
Mr. Swenson gives art supplies to consumers.
Coach provides lessons for different sports.
Ms. Miller writes books.
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Jenny has hundreds of stuffed animals to sell. The stuffed animals are considered the _________.
supply
demand
buyer
seller
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why would a business want to spend their money to invent new items?
They can save money
They will fix broken items
They can buy cool goods
They can make new goods to sell and make more money
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
True /False? Shelter is a want.
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is capital?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
money or goods used to start a business
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is demand?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
none of these
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is profit?
When Total Expenses are lower than Total Income
how many people want your good/service
the amount of an item you have
none of these
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