Economics

Economics

8th Grade

13 Qs

quiz-placeholder

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Economics

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Assessment

Quiz

Business

8th Grade

Medium

Created by

Deondre Cason

Used 11+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the federal reserve?

Central bank of the U.S.

Economics

A way to make money from your business

Studies how businesses use things for nothing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the 4 economic resource categories?

Stocks, bonds, mutual funds, securities

Stocks, Mutual funds, Capital, Natural

Natural, Human, Stocks, Bonds

Natural, Capital, Human, Entrepreneurial

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who determines how economic resources are given out in a command economy?

Customs

The government

The people

Businesses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mixed economy is a mix of market and traditional economies

True

False

Hello

Good Bye

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is supply?

How much of a dollar amount is made

the equilibrium

How much of a good or service a business has

when price of product is perfect

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is demand?

The equilibrium

Individuals need/desire for a good or service

The amount products a business has

having a answer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is competition in the market place "sparked"

high demand for a product

low demand for a product

high supply

low supply

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