US Economy

US Economy

6th - 8th Grade

20 Qs

quiz-placeholder

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US Economy

US Economy

Assessment

Quiz

Social Studies

6th - 8th Grade

Medium

Created by

Adriana Benavides

Used 12+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do businesses provide?

goods and services

labor

spending and saving

labor

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is supply?

the total amount of a product that producers are willing to make and sell

the amount of product that consumers are willing and able to buy

money left over after all costs of production are paid

two companies fighting for consumers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is demand?

the total amount of a product that producers are willing to make and sell

the amount of product that consumers are willing and able to buy

money left over after all costs of production are paid

two companies fighting for consumers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is profit?

the total amount of a product that producers are willing to make and sell

the amount of product that consumers are willing and able to buy

money left over after all costs of production are paid

two companies fighting for consumers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is competition?

the total amount of a product that producers are willing to make and sell

the amount of product that consumers are willing and able to buy

money left over after all costs of production are paid

two companies fighting for consumers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is income?

bills that you have to pay

the money you spend as a consumer

when you donate to charity

the money you earn for your labor

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What are expenses?

bills that you have to pay

the money you spend as a consumer

when you donate to charity

the money you earn for your labor

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