Economics Review

Economics Review

6th - 8th Grade

25 Qs

quiz-placeholder

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Economics Review

Economics Review

Assessment

Quiz

Other

6th - 8th Grade

Easy

Created by

Amy Lutick

Used 65+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When companies use resources to make goods and services it is called what?

Consumption

Decision

Choice

Production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choice is when a person makes a decision and chooses what they want based on limited resources.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

is the inability to satisfy all wants at the same time. All resources and goods are limited.

Choice

Opportunity Cost

Decision

Scarcity 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What you give up when you make a choice based on limited resources and scarcity, the thing you gave up was the

Choice

Opportunity Cost

Decision

Scarcity

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the three types of resources

Natural

Human

Incentive

Price

Capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a good?

Laptop

Plumber

Electrician

Dog Walker

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are examples of a service?

Postal Worker

Phone

Laptop

Pet Sitting

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