Economics Quiz
Authored by Abbey Reid
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9th Grade
Used 11+ times
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41 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the idea that resources limit the supply of what people want and need?
Supply & Demand
Goods
Scarcity
Services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term describes a cause-and-effect relationship of price?
Consumer
Supply & Demand
Producer
Mixed Economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are products that can be bought to use or keep called?
Services
Goods
Scarcity
Planned Economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What term is used for jobs that you pay someone to do for you?
Goods
Services
Consumer
Producer
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is someone that buys goods or services?
Producer
Consumer
Mixed Economy
Scarcity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is someone that makes goods or provides services?
Consumer
Producer
Goods
Services
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economy is where the government makes all decisions about how to solve scarcity?
Mixed Economy
Planned Economy
Supply & Demand
Scarcity
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