
Economics Review
Authored by Kelly Donilon
Fun
7th Grade
Used 19+ times

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11 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Is the study of ways people and society distribute their limited resources for unlimited wants and needs.
Macroeconomics
Microeconomics
Economics
Service
2.
MATCH QUESTION
1 min • 1 pt
Service
Sneakers
Buying a slice of pizza at the Hot Spot
Hair Stylist
Trade agreement between US and China
Macroeconomics
Good
Microeconomics
3.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Which of the following are examples of microeconomics? Select all that apply.
You buy several items at the local mall
US inflation rises 6.2% in 2022
All goods and services produce and sold in the US in 2022
The price of the iPhone 12 drops
4.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Which of the following are examples of macroeconomics? Select all that apply.
Buying an iPhone 12
US employment raises 3% in 2022
Wawa has its annual Hoagie Fest
The US puts more currency into circulation to fight inflation.
5.
MATCH QUESTION
1 min • 1 pt
the decision in picking one things over another
Goods
The things used to make finished goods
Scarcity
that that you can use or consume
Resources
Are things that someone does for you
Trade-offs
we have unlimited wants and needs but limited resources
Services
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
True or false: The production is
Factors of Production -> Manufacturing -> Distribution
True
False
7.
MATCH QUESTION
5 mins • 1 pt
factory, wheelbarrow, mixer
Labor
Starting one lemonade stand then expanding to a nationwide chain
Capital
Person working at a factory
Land
sugar, coconut, strawberries, lemons
Entrepreneurship
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