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CE

Authored by John Robinson

Social Studies

8th Grade

CE
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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

Media Image

Which economic concept is illustrated in these drawings?

Consumer sovereignty

Profit margin

Opportunity cost

Central planning

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Which economic factor has most likely determined the price in this picture?

Capital

Scarcity

Demand

Consumption

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Which term completes this economic flow?

Taxes

Income

Savings

Investment

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

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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