Elements of Economics
Authored by Keri Daly
Social Studies
12th Grade
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define: economics
workers
the study of how services and goods are made and divided among people
things that are traded or sold
something a person does for pay
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define: goods
a kind of economy in which the people own most of the businesses and land
things that are treaded or sold
workers that work
something a person does for pay
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define: service
something a person does for pay
things that are traded or sold
the study of how services and goods are made and divided among people
workers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define: labor force
something a person does for pay
a kind of economy in which the people own most of the businesses and land
things that are traded or sold
workers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define: free enterprise system
workers
a kind of economy in which the people own most of the businesses and land
something a person does for pay
things that are traded or sold
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: Land is a natural resource?
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: People who work are the labor force?
True
False
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