Economic Goods and Services

Economic Goods and Services

12th Grade

25 Qs

quiz-placeholder

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Economic Goods and Services

Economic Goods and Services

Assessment

Quiz

English

12th Grade

Hard

Created by

Sarah Williams

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the study of how a society chooses to use its scarce resources to produce goods and services

economics

choice

market

profit

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

objects that can satisfy people's wants

goods

services

demand

supply

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

actions that can satisfy people's wants

services

goods

supply

demand

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

quantity of goods available in the marketplace at any given time and at a given amount

supply

demand

market

price

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

amount of a good that buyers will buy at a specific time and at a specific price

demand

supply

choice

profit

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

exists whenever buyers and sellers exchange goods and services

market

barter

price

profit

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

direct trading of goods and services between people

barter

market

price

import

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