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Economics

Authored by Andrea Marlow

Social Studies

5th Grade

Used 89+ times

Economics
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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a budget?

to keep track of how much you spend and save

to make an income

to have expenses

to spend more money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is income?

a way to keep track of your money

the money you make for doing a job

the money you spend

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are expenses?

a way to keep track of your money

the money you make for doing a job

the things you spend money on

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Opportunity cost is ____________________.

the value of what is given up when a choice is made

a prize

the money you earn from a job

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A student chooses to watch Netflix instead of Disney Plus. What is the opportunity cost?

Netflix

Disney Plus

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ________ __________ is used to affect people's behavior and motivate them to buy certain goods.

opportunity cost

price incentive

capital good

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are examples of price incentives?

Buy one, get one free

1/2 price

20% off

clearance

$40

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