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Economy 1

Authored by Amy RichlandCreekES

Social Studies

4th Grade

Used 13+ times

Economy 1
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14 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The total amount of money received by a company for goods sold or services provided during a certain time period.

economy

market economy

revenue

profit

services

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Money that is made in a business

economy

market economy

revenue

profit

services

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Activities performed by people, firms or government agencies to satisfy economic wants.

economy

market economy

revenue

profit

services

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

An economic system where free competition and prices are determined by the interaction of supply and demand.

economy

market economy

revenue

profit

services

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The way a country uses money and resources.

economy

market economy

revenue

profit

services

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People who use goods and services to satisfy their personal needs and not for resale or in the production of other goods and services.

consumers

producers

income

supply

demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People and firms that use resources to make goods and services.

consumers

producers

income

supply

demand

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