What is the primary role of a producer in the economy?
Economics

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Social Studies, Business
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4th Grade - University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To consume goods and services
To create and sell products
To regulate economic policies
To provide financial advice
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important for consumers to budget their money?
To prioritize spending on essential needs
To avoid paying taxes
To increase their income
To ensure they can buy everything in the market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if a producer sells a product for less than it costs to make?
They incur a loss
They break even
They make a profit
They increase their market share
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a growing economy benefit the job market?
It reduces the number of available jobs
It stabilizes wages
It decreases consumer spending
It increases the demand for workers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between more jobs and consumer spending?
More jobs lead to less consumer spending
More jobs have no effect on consumer spending
More jobs result in more consumer spending
More jobs decrease the need for producers
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