Personal Finance/ Econmics

Personal Finance/ Econmics

1st - 5th Grade

10 Qs

quiz-placeholder

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Personal Finance/ Econmics

Personal Finance/ Econmics

Assessment

Quiz

Social Studies

1st - 5th Grade

Practice Problem

Easy

Created by

Ashley Unruh

Used 2+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are entrepreneurs called "risk takers?"

because they will be successful at their new business

because they get charged more taxes than other business owners

because they could lose all of their money starting a new business

because they combine land, labor, and capital to start a new business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a capital resource that a car wash company would need?

employees

lawns

customers

machine-operated brushes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of resource is a computer?

capital resource

natural resource

human resource

all resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jewel wants to buy a skateboard and a bicycle. She only has enough money for one. Jewel buys a skateboard. What is the opportunity cost?

capital resource

bicycle

demand

skateboard

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Wendy is craving strawberries in December. She realizes that strawberries don't grow in winter in Georgia, but she knows Kroger will have some to sell. She gets to Kroger and sees that the price of strawberries has ___________.

increased

supply

decreased

demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a natural resource?

water from a river

plastic from a factory

teacher from a school

computer from a store

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On weekends, Josh pulls his lawnmower behind his bike and mows people's lawns for $20. Which of the following BEST describes Josh?

Josh is a natural resource

Josh is a capital resource

Josh is an entrepreneur

Josh is a competitor

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