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Eco 1

Authored by Maelee Sizemore

History, Social Studies

KG - 7th Grade

Used 8+ times

Eco 1
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15 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is the study of how governments, businesses and people use their money?

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

If the supply of goods or services is high in demand is low what will the price to do?

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

If the supply of a good or service is low and demand is high the price will

4.

FILL IN THE BLANK QUESTION

2 mins • 1 pt

Miss New wants to go to the beach for fall break but she also needs new tires for her car because she does not have enough resources to do both she decides to buy new tires giving up the chance to go to the beach because she spent her resources on tires is called

5.

FILL IN THE BLANK QUESTION

2 mins • 1 pt

Ford motor company makes automobiles they have became very good at making automobiles and they don’t try to also make skateboards computers and furniture they focus on producing automobiles because that is what they are good at producing they are demonstrating

Ford motor company makes automobiles they have became very good at making automobiles and they don’t try to also make skateboards computers and furniture they focus on producing automobiles because that is what they are good at producing they are demonstratin

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because the Hershey company point $.23 to produce a kit Kat candy bar and I can sell it for $.99 what is their profit

$.99

$.70

$.76

$.87

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are goods

Sell phones

Trash pick up

Car washes

Big Macs

Dirt bikes

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