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Econ

Authored by Eric Garcia

Social Studies

12th Grade

Used 1+ times

Econ
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it best to use a debit card than a credit card?

It is not better. Trick question. Both are cards.

Debit cards give you good credit ratings.

Debit card is your savings account money, so the bank pays you interest.

Credit card is borrowing money from a bank and you have to pay interest.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the cost of what someone gives up to get what he or she wants

opportunity cost

budget

loan

needs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

money earned that is leftover after necessities of life are paid

budget

loan

salary

profit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

materials found in nature that are used to produce goods and services

human resources

capital resources

natural resources

incentives

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the workers that produce goods and services

human resources

capital resources

natural resources

incentives

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Provides checking and savings accounts and loans to people in the community

standard of living

entrepreneur

private business

banks

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who organizes other productive resources into a business to produce goods and services to make a profit

specialization

banks

entrepreneur

private business

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