Economics Unit Test

What does a baby sitter provide ?

• good

• service

What does a coach provide?

• good

• service

If you go to the mall to buy the new Fortnite game what are you?

• good

• service

• consumer

• producer

What does a farmer provide?

• good

• service

If you made cookies and sell them at school what are you ?

• good

• service

• producer

• consumer

What do we call all the products already in the store?

• supply

• demand

• producer

• consumer

A new restaurant opens up in town and everyone

wants to try it.There are only fifteen tables available. What

happens to the demand for reservations?

• increase

• decrease

• stay the same

Many kids want a hover board for Christmas, but the

supply is running low as Christmas nears. Since many people want one, the price of hover boards will

• increase

• decrease

• stay the same

Which type of economy is run by the businesses & business owners?

• Command
• Mixed
• Communist
• Market

Which are examples of needs? (Pick multiple options).

• 
• 
• 
•