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Worksheets

YAT: Week One

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is the correct economic synonym of produce?

a)

Healthy section in the grocery store.

b)

When someone makes something.

c)

Quantity of a product producers are willing to provide at a particular price.

2.

What happens when a consumer consumes goods?

a)

You use up or buy goods.

b)

You grow or make a body system for Reinerstein.

c)

You subtract the cost from the profit.

3.

What is the correct economic definition of supply?

a)

Willingness and ability to purchase goods

and services for a particular price.

b)

A figure that has four right angles.

c)

Quantity of a product producers are willing to provide at a particular price.

4.

What happens when a producer distributes goods?

a)

You deliver or sell things.

b)

You pass out slices of good.

c)

You place the center of the protractor over the axis and measure the interior angle.

5.

What is the correct economic example of demand?

a)

A mistaken pronunciation of the two words "the man."

b)

Increasing price of chocolate if a medical discovery found that eating two chocolate bars a day increased a person's life span by 5 years.

c)

Activities that can satisfy human wants; something that one person does for someone else, usually for a wage.

6.

What is the correct economic example of supply?

a)

A pencil, notebook paper, scissors, jar of peanut butter; the stuff that you take with you to each class during Rotations.

b)

Grocery store shutting down the face-to-face meat counters during a pandemic.

c)

Toilet paper missing from store shelves.

7.

What activities can satisfy human wants; something that one person does for someone else, usually for a wage?

a)

demand

b)

services

c)

supply

8.

What are objects that can satisfy people’s wants called?

a)

goods

b)

consumers

c)

buyers

9.

What is the job of a producer?

a)

To stand up for the rights of others.

b)

To buy things

c)

To make things

10.

When two or more businesses try to win over a customer to buy their product or service, it is called...

a)

competition

b)

quality

c)

prices