Economics Reading Passage Quizizz

What is the term for the money people earn by working?

• Income

• Savings

• Investment

• Allowance

Which of the following is an example of a good?

• Haircut

• Piano lesson

• Book

• Doctor's visit

What is the opportunity cost of buying one soda if you have $1 and love both soda and gum?

• Two packs of gum

• One pack of gum

• Three packs of gum

• No opportunity cost

What type of resource are scissors used by a hairdresser?

• Natural resource

• Human resource

• Capital resource

• Renewable resource

What happens to the price of an item if the supply of that item decreases?

• The price increases

• The price decreases

• The price remains the same

• The price fluctuates