Economics 101
Authored by Jared Gaston
Business
9th - 12th Grade
Used 4+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money a business makes after its expenses are paid
profit
supply
demand
scarcity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
House: Goods or Service?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Doctor: Goods or Service?
4.
OPEN ENDED QUESTION
30 sec • Ungraded
What is the definition of Scarcity?
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5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a want?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The thing that you give up (the next best alternative) when you make a decision is known as
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
how much of a good or service consumers want
demand
spending
producer
scarcity
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