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Economics Today

Authored by Jen Schumann

Geography, History

6th Grade

Used 9+ times

Economics Today
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The type of economic system where the government has some say in how businesses produce for consumers, but it's mostly up to the producers.

traditional

market

mixed

command

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

If Red Hen had been a professional baker, the use of her oven to make bread would be called a

natural resource

human resource

executive resource

capital resource

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Chipotle has an app you can download to earn loyalty points for every purchase. In economics, what do you call this?

positive incentive

negative incentive

productive resource

positive resource

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Goods and _________________ are a major part of economics.

products

services

regulation

demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Another word for a business person is

investor

consumer

producer

lender

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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The United States has what type of economic system?

traditional

market

mixed

command

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The value of something you give up when you choose one thing over another thing

trade-in

opportunity cost

productive resource

supply and demand

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