
CE
Authored by John Robinson
Social Studies
8th Grade

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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which innovation/invention has contributed most to the global flow of information, capital, goods, and services?
Railroads
Interstate highways
Shipping
Internet
Horses
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In the United States economy, what do individuals and businesses give/provide for the government?
Goods and services
Resources
Taxes
Interest
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which economic concept is illustrated in these drawings?
Consumer sovereignty
Profit margin
Opportunity cost
Central planning
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which economic factor has most likely determined the price in this picture?
Capital
Scarcity
Demand
Consumption
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which term completes this economic flow?
Taxes
Income
Savings
Investment
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
According to this table, what will happen if the price of a slice of pizza decreases from $2.50 to $1.00?
Customers will not buy as much pizza
Profits of pizza makers will increase
There will not be enough pizza produced
The cost of producing pizzas will rise
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Taxes and borrowed funds are two ways that the government provides -
Vacations
Public goods & services
News conferences
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