Social Studies
7th Grade
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Someone who makes / sells goods / services
Producer
Consumer
Supply
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Limited government involvement in the economy
Opportunity cost
Reserve
Market Economy
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The way goods and services are produced and consumed
Consumer
Economy
Demand
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Someone who buys goods/services
Consumer
Producer
Scarcity
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Money gained by selling something for more than it cost to make
Reserve
Loan
Profit
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The amount of something that is available
Demand
opportunity cost
Supply
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The number of consumers who want/need something
Demand
Supply
Opportunity Cost
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