week 5- Economy Quiz

What is an economy primarily about?

• How to play games

• How to travel

• Making and trading things

• How to cook food

What do producers provide in a market?

• Money

• Goods and services

• Advertising

• Transportation

What is an example of an online shopping place?

• Market stall

• Local shop

• Amazon

• Supermarket

What is the household sector?

• All government services

• All businesses in the economy

• All consumers in the economy

• All producers in the economy

What do banks do with the money people save?

• Keep it safe forever

• Invest it in stocks

• Give it away

• Lend it to others

What does the government provide in return for taxes?

• Jobs

• Healthcare and schools

• Entertainment

• Free food

What is an import?

• Services provided to tourists

• Local products

• Goods purchased from overseas

• Goods sold to other countries

What is supply?

• The amount of a product businesses are ready to sell

• The total income of a business

• The number of consumers

• The amount of money available

What can cause prices to change?

• Changes in demand and supply

• The number of stores

• The color of the product

• The weather

Who decides who to sell to in a business?

• The consumers

• The suppliers

• The market and the business owner

• The government