Understanding Economics Game Pt. 1
Authored by Daniel Hall
Social Studies
5th Grade
Used 8+ times
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5 questions
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1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What is an entrepreneur?
A person who makes toys
A person who starts a new business
A person who takes risks to make a new product or service
A person who sells candy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'scarcity' mean?
When there are too many toys
When there isn’t enough of something
When everyone has the same thing
When things are free
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a price incentive?
A special gift for buying a toy
A new store opening
Lowering prices to attract more customers
A sign saying “Happy Sale Day”
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does ‘opportunity cost’ mean?
Buying more toys
The thing you give up to get something else
Winning a prize
Getting a discount
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is an example of a business specializing?
A store selling clothes and shoes
A bakery that only makes cakes
A shop that sells toys, games, and books
A restaurant that serves pizza and burgers
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