Economic Literacy

Economic Literacy

9th - 12th Grade

20 Qs

quiz-placeholder

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Economic Literacy

Economic Literacy

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Calvin Williams

Used 18+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

What is called when the planet has limited resources?

Empty

Supply

Scarcity

Demand

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Food and water is an example of?

Trade-Offs

Economic Need

Economic Want

Scarcity

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

A new PlayStation 5 and controllers is an example of

Economic Want

Economic Need

Capital

Resources

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

The study of choices people make with their money is called?

Social Studies

Macroeconomics

Economics

Scarcity

5.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Media Image

The type of economy where consumers are free to choose what to buy.

Mixed Market Economy

Traditional Economy

Market Economy

Command Economy

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Who is a "consumer"?

People who participate in traditional economies

Anyone who purchases goods and services

Business who buy land

The government spending money on the military

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

When consumers have both the ability and desire to purchase something, they have this?

Equilibrium

Demand

Supply

Desire

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