Economics Trade, Specialization, Markets

Economics Trade, Specialization, Markets

8th Grade

25 Qs

quiz-placeholder

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Economics Trade, Specialization, Markets

Economics Trade, Specialization, Markets

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Medium

Created by

Bennett Burch

Used 4+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it called when people agree to exchange goods and services. In the process, they give up something to get something else.

opportunity cost

trade

consequences

None of the above

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Sometimes people ______, or directly exchange one good or service for another.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What can Samantha and Diego trade to get what they want?

Samantha can trade her tomatoes for Diego's carrots.

Diego can trade his broccolifor Samantha's oranges.

Diego can trade his almonds for Samantha's tomatoes.

Samantha can trade her tomatoes for Diego's broccoli.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People still barter today. An example of this would be a boy trades his old computer for a friend's bike.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another example of barter is when a woman watches a family pet in exchange for $100 a week.

True

False

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is it called when people make and do things they are best at, instead of making and doing everything on their own.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Three Brother's Italian Restaurant is owned by three brothers: Tony, Pauli, and Guiseppe. Guiseppe make fantastic Cannoli, terrible pizza, and an average lasagna. Tony makes a great pizza pie, average lasagna, and average cannoli. Pauli on the other hand makes a perfect lasagna, average pizza, and terrible cannoli. In this restaurant what do you think Guiseppe specializes in?

lasagna

cannoli

pizza

veal parmesan

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