Fin. Lit. Study Guide

Fin. Lit. Study Guide

9th Grade

20 Qs

quiz-placeholder

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Fin. Lit. Study Guide

Fin. Lit. Study Guide

Assessment

Quiz

Other

9th Grade

Practice Problem

Easy

Created by

Haley Rudd

Used 2+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is the study of economics considered important?

It only affects government policies

It influences only personal financial choices

It impacts daily decisions, such as work, food, and living choices

It is not relevant to international relations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the simple definition of economics?

The study of financial markets and investments

The study of how resources are used to meet human needs and wants

The study of government regulations and policies

The study of international trade only

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the content, economics is like a game and we are all players. Most of us are players for what team?

Consumers

Producers

The Eagles

Farmers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How exactly is economics similar to a game, according to the content?

It involves players, rules, properties, and outcomes

It has no specific rules or outcomes

It only involves buying and selling goods

It has no players involved

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of a "good" in economics?

Anything that can be sold in a store

An object that fulfills someone's need or want

A service provided to the public

A rule in the game of economics

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of a "service" in economics?

An object that fulfills a need or want

An action or assistance that customers need or want

A physical product sold to customers

A rule that guides economic decisions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "allocation" refer to in economics?

The process of finding and setting aside resources for production

The method of distributing goods to consumers

The way goods are priced in the market

The process of selling resources to other countries

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