BS 8 MODULE 22: QUIZ #5

BS 8 MODULE 22: QUIZ #5

8th Grade

10 Qs

quiz-placeholder

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BS 8 MODULE 22: QUIZ #5

BS 8 MODULE 22: QUIZ #5

Assessment

Quiz

Business

8th Grade

Practice Problem

Medium

Created by

Michelle Maglasang

Used 7+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a fundamental economic concept that describes the total amount of a specific goods or service that is available to consumers

Scarcity

Demand

Supply

Cost

Benefit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It refers to basic economic problem that refers to the gap between availability and limited resources.

Scarcity

Demand

Supply

Cost

Benefit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This refers to an advantage or profit gained from something.

Scarcity

Demand

Supply

Cost

Benefit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This refers to the monetary value of expenditures for raw materials, equipment, supplies, services, labor, products and others that need to be paid or purchased.

Scarcity

Demand

Supply

Cost

Benefit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is an economic principle referring to a consumer's desire to purchase goods and services and the willingness to pay its price.

Scarcity

Demand

Supply

Cost

Benefit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a social science concerned with the production , distribution and consumption of goods and services. It studies how individuals, businesses, governments and nations in general make choices about how to allocate resources.

Economics

Politics

Psychology

Management

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a payment or concession to stimulate greater output or investment.

Demand

Supply

Benefit

Incentive

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