Economics
Authored by Kelly Rushing
Social Studies
5th - 6th Grade
Used 35+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good or service that is brought into the USA to be sold from another country
import
export
tariff
goods and services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When jobs are given to workers outside of the country because it costs less money for the company to pay the employees.
import
export
outsourcing
tax
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of a good or service that is available for the consumers.
demand
import
export
supply
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The consumers desire to buy a good or service.
supply
import
export
demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there is more than enough of a good or service to equal the number of people who want it.
demand
supply
import
surplus
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there is NOT enough of a good or service for the number of people who want it.
import
scarcity
surplus
demand
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When what we import into our country matches ( balances) the same cost $$ of what we export to other countries
balance of trade
import
scarcity
surplus
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