Economics Quiz

What are goods brought into a country?

• Producer

• Consumer

• Services

• Imports

What is a person who buys goods and services for use?

• Producer

• Consumer

• Services

• Imports

What is a customer's desire for a good or service?

• Demand

• Supply

• Wants

• Needs

What are goods sold to other countries?

• Producer

• Consumer

• Goods

• Exports

What are things you would like but really do not need?

• Demand

• Scarcity

• Wants

• Needs

Which is an economic system where production is very limited and things are done the same way they were done by parents and grandparents?

• Traditional Economy

• Planned Economy

• Market Economy

• Mixed Economy

What are the items purchased to satisfy needs and desires?

• Consumer

• Goods

• Services

• Imports

What is a person or business that manufactures and sells products?

• Producer

• Consumer

• Services

• Imports

What are the things you need to survive?

• Supply

• Scarcity

• Wants

• Needs

What is a system by which goods and services are manufactured, bought, and sold?

• Economy

• Traditional Economy

• Market Economy

• Mixed Economy