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Economics Quiz

Authored by Matthew DelPrete

Social Studies

7th Grade

Used 2+ times

Economics Quiz
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35 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term is also known as the careful use of money, resources, production, and is also defined as the way goods and services are distributed?

economy

demand

surplus

agriculture

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another word for someone who starts their own business is?

economy

demand

entrepreneur

agriculture

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A term used to describe money or resources owned by a business

economy

capital

entrepreneur

price

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a business is performing work for a customer, they provide a

economy

service

good

price

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The number of items a company has available to sell is called the

demand

service

good

supply

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The number of items customers want to buy

demand

service

good

supply

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The physical objects companies sell

demand

service

good

supply

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