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Unit four economics

Authored by John Donahue

Social Studies

11th Grade

Used 1+ times

Unit four economics
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This means that the government should not interfere in the marketplace.

Laissez Faire

Capitalism

Communism

Socialism

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money a business makes after its expenses are paid

profit

supply

demand

scarcity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy.

Scarcity
Supply and Demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person or organization that uses a product or service is a(n):

consumer
economist
loan shark
debtor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

House: Goods or Service?

Goods
Service

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Doctor: Goods or Service?

Goods
Service

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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