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Economics Review 2025

Authored by Karrie Palmer

Social Studies

8th Grade

Used 1+ times

Economics Review 2025
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23 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is tourism such a large employer in the state of Georgia today?

GA has little else besides tourism

GA has put all its money into tourism

GA is the most popular state to visit in the Southeast

GA has great geographic diversity, making it an ideal place to visit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the fastest growing industries in the state of GA because of the diversity of locations and financial tax incentives offered by the state of GA.

the airport

the film industry

the port of GA

the farming industry

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are entrepreneurs?

a person who organizes and operates a business, taking on a financial risk in order to do so

one of the 50% of all businesses that fail within the first 5 years

people who are always successful at any business they start

a person who is guaranteed to be successful when they start a new business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first thing you need to create a budget is....

your tax information

a spreadsheet

your expenses

your income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A new video game is coming out that you want to buy. Which is the BEST financial choice of you buying the game?

Get a loan from your Grandparents with low interest

put the money in a savings account and wait until you have the money to pay for it

ask the store if they will loan you the money to pay for it

buy it on a credit card and just pay it off in the minium monthly payments

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A plan to use income.

Amount of money that must be paid

personal promise to pay something

amount of money that is being saved

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the advantage of spending less than you earn?

You never have to worry about money

You don't have to sacrifice any purchases

You can save money for future purchases

You will have lower bills

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