Economics

Economics

6th Grade

25 Qs

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Study of how people’s needs are taken care of by their efforts to earn a living.

Economics

The Law of Supply and Demand

Oh Hey Alice. You should study with Unique!

Sociology

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

   The money left over in a business after ALL expenses are considered

Demand

Supply

Profit

Expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods or Services offered for use or sale

Manufacturing

Supply

Demand

Cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Desire to own or use a product or service

Demand

Supply

Surplus

Shortage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Items that are scarce tend to be more costly, items that are plentiful tend to be less expensive.

Supply

Demand

Interest rates

Law of Supply and Demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  All of the buyers and sellers during a certain period of time

Economics

The Market

Inflation

Opportunity Cost

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ability to own, operate, and profit from ones own business.

Competitive Market

Monopoly

Free Enterprise

Law of Supply and Demand

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