Lawn Boy Economics Quiz

Lawn Boy's lawn mowing is what?

• The lowest economic activity

• The main economic activity

• The price of business

• The business of children

The place where buyers and sellers exchange goods or services is

• the cost of business

• the market

• A store

• the bank

The amount of a product or service available

• Demand

• Price

• Supply

• Expenses

How much people want a product or service

• demand

• cost

• labor

• taxes

The cost of missing out on your next best choice

• expenses

• opportunity cost

• price

• supply

He reinvested his earnings and hired help to

• to give away free services

• to compete with the neighbors

• help his business grow

• raise his prices every day

How fast and efficiently work is done

• is earning money

• is investments

• is productivity

• is earnings

A person who starts and runs a business is

• an entrepreneur

• an employee

• an investor

• a landscaper

Tools and machines used to produce goods or services

• investments

• natural resources

• capital goods

• human capital

A share in the ownership of a company is

• A type of loan

• A type of employment

• stock

• A type of tax