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WorksheetsEconomics Quiz
Total questions: 10
Worksheet time: 5mins
The assembly line is an example of ...
opportunity cost
specialization
price incentive
A 50% off sale is an example of a
opportunity cost
specialization
price incentive
the process of making, harvesting or creating something
voluntary exchange
playing a video game
exercising
production
When customers and business owners exchange products and money, because it will help them both in some way.
voluntary exchange
volunteering to help someone for free
opportunity cost
reading quizzes
Which is an example of trade?
Martha and John showing each other their possessions.
turning down McDonald's to save your money for ice skating
Martha asking John if he wants her to make him some banana pudding
Martha and John exchanging the fruit from her banana tree with the books from his shop.
Which is NOT an example of opportunity cost:
giving up the opportunity to go to McDonald's to save your money for ice skating.
ice skating AND going to McDonald's
choosing waffles INSTEAD of eggs
deciding to take gymnastics class INSTEAD OF art class
Which is NOT an example of trade?
Mario exchanging his family's eggs for Rita's family's sweet corn
Ja'ron exchanging his lanyard for Mike's bookmark
Melanie bringing enough pumpkin muffins to feed the whole class
Ms. Cole giving Mrs. Dayutis a journal for Mrs. Dayutis' pack of markers
Which is NOT an example of specialization?
a special awards assembly with the principal at TCE
a Toyota factory where workers add different car parts on an assembly line
Kroger, where different bakers add their specialties to the gingerbread houses (one the icing, one the sprinkles, and so forth)
Which is a strategy Wal-Mart uses to try and persuade you to buy their toys?
pennies
price incentives
The Price is Right (tv game show)
lots of Covid-19 mask choices
Which could people still do, even if they ran out of money?
opportunity cost
trade Christmas wreaths that they created for their neighbor's homemade cookies
buy gas with a twenty dollar bill
purchase gum from a gumball machine
