Economics Quiz

What is the study of how resources are used, made, distributed, consumed, and exchanged called?

• Biology

• Chemistry

• Economics

• Physics

What is a "good"?

• Something you buy or use

• A place you visit

• A person you meet

• A game you play

What materials were the first coins made of?

• Gold or silver

• Plastic

• Wood

• Steel

What is a producer?

• Someone who buys goods or services

• Someone who makes or grows goods or offers services

• Someone who sells goods at a store

• Someone who delivers goods

What is a consumer?

• Someone who creates goods

• Someone who buys goods or services

• Someone who repairs goods

• Someone who grows goods

What are services?

• Things you can touch

• Objects you can buy

• Actions performed for others

• Things you can eat

What is an example of a good used just once?

• A hat

• A car

• A hamburger

• A book

Which of the following is an example of a producer?

• Car mechanic

• Shopper

• Customer

• Tourist

Which of the following is an example of a need?

• Candy

• Toys

• Food

• Cool boots

What are wants?

• Things we must have to survive

• Things we would like to have but do not need to stay alive

• Things that are only for producers

• Things that are only for consumers