
CE.11 Quiz
Authored by Jillian Jude
Social Studies
7th Grade
Used 2+ times

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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is economics?
The study of the economy.
The study of biology.
The study of history.
The study of art.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the economy?
A system of production, distribution, and consumption of goods and services.
A system of political governance.
A system of cultural exchange.
A system of educational development.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a "good"?
A tangible product that someone can own
An intangible service performed for a consumer
A type of natural resource
A method of production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a service?
Shoes
Cars
Haircut
Books
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is production?
The using of goods and services
The combining of resources to make goods or provide services
The selling of goods to consumers
The storing of goods in warehouses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines what is produced according to the text?
The availability of natural resources only
Consumer preferences and available resources
The number of workers in a factory
The cost of raw materials
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is consumption?
The production of goods and services
The using of goods and services
The distribution of goods to retailers
The creation of new products
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