7 Economics - Consumers & Businesses
Authored by Melinda Grummet
Social Studies
7th - 8th Grade
Used 115+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good is...
A factor in the economy that improves happiness
Physical items that satisfy needs and wants
Actions done for a person by others to satisfy the person's needs and wants
None of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A need is...
A non-essential good or service
A resource needed for survival
A household good
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Services are...
Physical items that satisfy a consumer's needs and wants
Actions done for a consumer by others to satisfy the consumer's needs and wants
Something essential to survival
none of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The economic problem is one of:
Limited wants and needs
Unlimited wants and unlimited needs
Unlimited wants and limited resources
Limited wants and unlimited needs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Consumer
Sells Goods and Services
Purchases Goods and Services
Eats things
Uses things
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Producer
Sells things
Builds things
Has skills that you don't
Makes goods or provides services
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The resources or factors of production are:
land, labour, capital and enterprise
goods, services, needs and wants
government, firms, households
consumers & producers
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