Free Printable Ekonomiks Quiz 1

Worksheets

Ekonomiks Quiz 1

Total questions: 20

Worksheet time: 13mins

Name

Class

Date

Economics is...

studying goods, services, and how people can get them.

studying trees, bushes, and other plants.

studying animals and wildlife.

studying food, and how food is made.

The people who grow or create goods are called...

producers

consumers

banker

traders

The people who buy goods and services are called...

producers

consumers

banker

traders

Which of the following is a need?

Crayons

Video Games

Basketballs

Houses

If video games are not a need, what are they?

a wish

a dream

a want

a necessity

All people have the same wants and needs.

True

False

I want to buy new shoes for $20. I only have $5. How can buy the shoes?

Pay $5

Save my money

Trade my old shoes for the new shoes

______ is giving away money or goods for a good cause.

Donating

Saving

Spending

Market

A plan for managing a person's income and expenses is..

Income

Scarcity

Savings

Budget

10.

A shortage of a resource is considered...

Scarcity

Surplus

Profits

Income

11.

Basic things humans need to survive

need

want

import

demand

12.

What is the definition of economics?

The study of human behavior and attitudes

The study of past events and the impact they have had on people

The study of political and social interactions

The study of the production and distribution of goods and services

13.

Which choice best describes the economic problem of scarcity in the world?

People have limited wants there is an unlimited amount of resources.

People have unlimited wants but there is a limited amount of resources

People have no wants so resources don't matter

14.

_____________ are things that people make or use to satisfy their needs and wants.

Goods

Services

Producers

Consumers

15.

Something we pay for that we can touch

goods

services

16.

What is a need?

Nothing

Something you have to have to live

Something you would like to have

Ice cream

17.

What is the definition of a good?

anything that can be produced or grown

something that someone does for someone else in exchange for money

something you like

an expert in something

18.

Economics is...

studying goods, services, and how people can get them.

studying trees, bushes, and other plants.

studying animals and wildlife.

studying food, and how food is made.

19.

_____________ are things that people make or use to satisfy their needs and wants.

Goods

Services

Producers

Consumers

20.

_______________ resources are materials that come from nature.

Special

Natural

Human

Capital

Reset

Ekonomiks Quiz 1

Total questions: 20

Worksheet time: 13mins

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