Font size
WorksheetsEconomics Quizizzzzzz year 8 aussie curriculum
Total questions: 12
Worksheet time: 6mins
What are the 4 Factors of Production?
Cell
CELL
LLCE
Stonks
None of the above
What are the actual 4 factors of production
CELL - Capital, Enterprise, Land and Lab0r
LLCE - Labour, L4nd, Cap1tal, Ent3rpr1se
CELL - Capital, Enterprise, Land and Labour
Stonks
Which one of these is not a type of market?
Stonk Market
Stock Market
Housing Market
Farmers Market
Stok Market
What is the law of demand?
How much of nothing people want.
At lower prices, smaller quantity of goods and services will be demanded.
At higher prices a smaller quantity of goods and services will be demanded than at lower prices.
Stonks
What is the definition of equilibrium?
The quantity demanded will match the quantity supplied
Tsunami
STONk5
The quantity supplied will match quantity demanded.
Definition of Supply
Quantity of a good or service that is produced at a given price at a given time
Stonks
Supply of the stonks
What is the Provision of Infrastructure in regards to the government's involvement in the market?
Roads, Railways and Ports
The government is responsible for providing the infrastructure for the economy.
Provision of Infrastuctureeeee
The responsibility of the government to provide wifi
Define Economics
The study of the economy.
The branch of knowledge concerned with the production, consumption, and transfer of wealth.
Economics
The study of Stonks
What is traded in the Labour Market?
People
Houses
Skills, effort and knowledge
Labour, Liberals and Greens
What is the main benefit of specialisation?
Efficiency
Low cost
Higher demand
Lower demand
What will high supply cause?
Low demand, high supply
High Demand, low supply
No demand, no supply
Free stuff
What is the financial market?
A place where savers deposit their money and this money can be lent to borrowers.
A place where you exchange money for more money.
A place where you put your money so it won't get stolen.
A market for finances
