Unit 7 Economics

Unit 7 Economics

9th - 10th Grade

•

54 Qs

quiz-placeholder

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Unit 7 Economics

Unit 7 Economics

Assessment

Quiz

•

Social Studies

•

9th - 10th Grade

•

Medium

Created by

Stephen Battise

Used 2+ times

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54 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business Owner, someone who assumes the risks of a Business

Capital

Labor

Entrepreneur

Free Enterprise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Materials used by humans such as water, forests, animals, fuel, etc.

Labor

Wants

Needs

Natural Resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of making, buying, and selling goods and/or services

Capitalism

Economics

Free Enterprise

Monopoly

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a company controls all the production of a good or service. - No competition

Scarcity

Profit

Monopoly

Entrepreneur

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When buyers will demand more products when they can by them at lower prices and fewer products when they must buy them at a higher price.

Law of Supply

Economics

Law of Demand

Scarcity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money invested in a business; property and equipment used to produce a good or service

Labor

Needs

Profit

Capital

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The income a business has left after paying its expenses

Capital

Labor

Profit

Capitalism

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