
Economics Part I
Authored by Michael Decker
Social Studies
8th Grade
Used 4+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you call a PERSON who buys or uses goods and services?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you call the PERSON who makes goods or provides services?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
My father owns a factory that makes shoes. He makes the coolest boots. Everyone wants his boots. He exports thousands of pairs of boot each year. My father is an ______.
consumer
agricultural worker
entrepreneur
resource officer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are coal, silver, and oil considered natural resources?
They are a person's education.
They are tools used in a business.
They are a person's training.
They are found naturally in the earth.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are the tools and resources used to run a business.
stuff I need
human capital
capital goods
natural resources
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
My boss purchased new dump trucks and cement mixers for us. Dump Trucks and Cement Mixers are examples of what type of resource?
Natural
Human
Capital
Tariff
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the supply of a good is higher than the demand, what happens to the price?
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