Economics: Business Wants & Needs
Authored by Leigh Holmes
Life Skills
9th - 12th Grade
Used 31+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Things we wish for are called...
wants
needs
toys
goals
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Things a person must have for survival, such as food, shelter, and clothing are called...
wants
needs
essentials
goals
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Goods are...
jobs that people or machines do for other people.
actual things that can be physically weighed or measured.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
True or False: Ideas are goods.
True
False
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What are jobs that people or machines do for other people?
Goods
Services
Products
Activities
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The amount of money left over after a business has paid for the cost of producing goods and services is called what?
Revenue
Expenses
Profit
Bank
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What do you call a contest between businesses to win customers?
Game
Advertising
Marketing
Competition
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