Market Economy (Mr. Jordan)
Authored by John Jordan
Social Studies
4th Grade
Used 2+ times
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15 questions
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1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Money that is made in a business
economy
market economy
revenue
profit
services
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
An economic system where free competition and prices are determined by the interaction of supply and demand.
economy
market economy
revenue
profit
services
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
The way a country uses money and resources.
economy
market economy
revenue
profit
services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When someone buys a product they are called a...
producer
consumer
entrepreneur
decomposer
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
____________ is rhe care use of money, resources, and means of production
economy
trade
barter
producer
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there is not enough of a good or service to meet peoples wants or needs it is called
bartering
scarcity
marketing
demanding
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The difference between a business’s total sales
and the business’s total expenses.
producer
advertising
profit
division of labor
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