What Is Economics?
5th - 7th Grade
•10 Qs
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What Is Economics?
Quiz
•
Social Studies
•
5th - 7th Grade
•
Practice Problem
•
Easy
Katelyn Mattingly
Used 28+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the fundamental problem of economics?
labor
capital
utility
scarcity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You hire someone to cut your lawn.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You pay your sister $5 to clean your messy bedroom.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You take an airplane when you go on a trip.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your brother sells you his old baseball mitt.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A limited supply of goods and services
Consumption
Scarcity
Production
Distribution
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You buy an ice cream cone from an ice cream truck.
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