Economics

Economics

7th Grade

14 Qs

quiz-placeholder

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Assessment

Quiz

Social Studies

7th Grade

Medium

Created by

Dick Quayle

Used 92+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Production and consumption of goods through the transfer of money

economics

supply

equalibrium

demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The price at which the consumer and producer agree on

economics

supply

equalibrium

demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The quantity a producer is willing to make at a certain price

economics

supply

equalibrium

demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The quantity a consumer is willing to buy at a certain price

economics

supply

equalibrium

demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

An individual or group that are willing to purchase a product

consumer

supply

producer

demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

An individual or group willing to make a product

consumer

supply

producer

demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A place where the people use supply and demand to set prices

Traditional

Command

Market

Mixed Economy

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