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Year 7 Economics

Authored by Rebecca de Beer

Social Studies

7th Grade

Used 292+ times

Year 7 Economics
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A want is...

A non-essential good or service

A resource needed for survival

An essential good or service

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A good is...

A factor in the economy that improves happiness

Physical items that satisfy needs and wants

Actions done for a person by others to satisfy the person's needs and wants

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Services are...

Physical items that satisfy a consumer's needs and wants

Actions done for a consumer by others to satisfy the consumer's needs and wants

Lawn mowing, public transport and dentists and trains

Something essential to survival

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a want?

Water

iPhone

Apples

Tent

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an example of a service?

Plumber

Waitress

Car

Nurse

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business:

Produces goods and/or services for consumers

Is the final user of goods and services produced in an economy

Is the organiser of the exchange of goods and services for money

Provides goods and/or services in order to make a profit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A producer is:

A person or group that is the final user of goods and services produced in an economy

A person that takes a risk by starting an enterprise or business

An individual or business involved in the production of goods and services

Someone who carries out market research

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