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Economics Packet Final

Authored by David Briscoe

Social Studies

11th Grade

Economics Packet Final
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49 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The study of money and how goods and services are made, distributed, and used

economics
barter system
entrepreneurship

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Something you buy that can be touched

goods
services
money
product

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Water is an example of a:

need 
want
service
good

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The money a business earns after it pays for supplies, salaries, and other costs: 

expense
profit
loss
wage

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Something you purchase that someone does for you

favor
money
economics
service

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

People who buy goods and services are:

producers
consumers
economists
investors

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Total amount of a good or service AVAILABLE to consumers

supply
demand
economy
labor

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