Introduction to Economics
Authored by Emily Fitzgerald
Social Studies
7th Grade
Used 10+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This refers to how much of something is available to you
Supply
Demand
Opportunity Cost
Production
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
If I have to make a choice between reading a book or watching my favorite show and I choose to watch my favorite show, what is the opportunity cost
3.
OPEN ENDED QUESTION
3 mins • 1 pt
How are scarcity, choice, and opportunity cost all related? (Which one leads to another and so on...)
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4.
DRAW QUESTION
3 mins • 1 pt
Draw a supply and demand curve (label them) and identify on the table where the equilibrium price would be
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If supply goes up and demand goes down, what will happen to the price?
Goes up
Goes down
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If supply goes down and demand goes up, what will happen to the price?
Goes up
Goes down
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
This term refers to where supply and demand are the same and therefore the price will not go up or down
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