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Economics

Authored by michelle schroeck

Social Studies

6th Grade

Used 20+ times

Economics
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An increase in competition would have what effect on price?

Price goes up
Price stays the same
Price goes down
It explodes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the supply of a good is higher than the demand, what happens to the price?

It stays the same
Price goes down
Price goes up
It's FREE!!

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who buys goods and services

consumer
entrepreneur
resource
currency

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tools we use to make products

capital resources
human resources
natural resources
entrepreneurs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much people want something

supply
demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals who come up with a new idea for a good or service, then they make it a reality

resource
human resources
consumer
entrepreneur

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a need?

Nothing
Something you have to have to live
Something you would like to have
Ice cream

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