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Elements of Economics - Unit 1

Authored by Keri Daly

Social Studies

12th Grade

Used 2+ times

Elements of Economics  - Unit 1
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: the study of how services and goods are made and divided among people

economics

goods

services

free enterprise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: a kind of economy in which the people own most of the businesses and land

products

free enterprise system

services

economics

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: things that are traded or sold

services

goods

cards

gold

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: something a person does for pay

goods

economics

free enterprise

service

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: workers

goods

services

labor force

trade

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a natural resource

Land

metal

concrete

fabrics

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The labor force consists of

products

manufactures

people

trades

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