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Economic Quiz

Authored by Timothy Shannon

Financial Education

7th Grade

Economic Quiz
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of total income in the United States comes from wages and other labor-related income?

30%

70%

50%

90%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Forbes Magazine, which celebrity had the highest reported earnings in 2009?

Oprah Winfrey

Tiger Woods

Beyonce Knowles

Kobe Bryant

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is human capital?

Human capital is the physical assets owned by individuals.
Human capital is the financial resources available to individuals.
Human capital is the natural resources found in a region.
Human capital is the knowledge, skills, experience, and attributes possessed by individuals that contribute to their ability to work and produce economic value.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which profession is expected to see an increase in demand and wages according to the text?

Dental hygienists

Radio and television announcers

Special education teachers

Cosmetologists

5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is one way to increase income through human capital?

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