market economy
7th - 12th Grade
•15 Qs
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market economy
Quiz
•
Social Studies
•
7th - 12th Grade
•
Easy
JULIA MCBRIDE
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15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Producers battling over who can make the most profit
Market
Competition
Consumer
Opportunity Cost
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The limited amount of resources available
Resource
Competition
Scarcity
Cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The number of consumers who want something.
Supply
Opportunity
Resources
Demand
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The entire activity of buying and selling that takes place out in the world.
External benefit
Market
Supply
Competition
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The benefit you give up by choosing to do one thing instead of another.
Scarcity
Consumer
Market
Opportunity Cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of goods and services being produced and consumed is called
Inflation
Economy
Consumer
Opportunity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of something that is available.
Supply
Producer
Competition
External Cost
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