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Eco, FoP & Eco Acts Quizizz

Total questions: 45

Worksheet time: 22mins

Name
Class
Date
1.
The amount of an item that someone has to sell.
a)
Need
b)
Supply
c)
Demand
d)
Import
2.
The amount of an item that consumers are willing to buy at different prices.
a)
Need
b)
Supply
c)
Demand
d)
Import
3.

Each country has an ____________ ______________ or way to make decisions about how to use resources of that country

a)

Economic System

b)

Action Plan

c)

Road Map

d)

Resource spending

4.

A _____________ is any object you can buy to satisfy a want.

a)

Purchase

b)

Good

c)

Item

d)

Import

5.

A _______________ is an action that meets a want

a)

Purchase

b)

Request

c)

Export

d)

Service

6.

The united States has what type of Economy?

a)

Communist

b)

Socialist

c)

Market

d)

None

7.

Market Economy is also known as?

a)

Seller's Market

b)

Government Market

c)

Free Enterprise

d)

First Enterprise

8.

Supply and Demand relates to what type of Economy?

a)

Socialist

b)

Market

c)

Communist

d)

Theocratic

9.

The number of a certain good offered at each price is the?

a)

Cost

b)

Supply

c)

Amount

d)

Want

10.

__________________ Is the rivalry between businees to sell goods to consumers to make the greatest profit.

a)

Supply

b)

Demand

c)

Competition

d)

Free Market

11.

The number of a certain good that people will buy at each price is the __________?

a)

Desire

b)

Want

c)

Demand

d)

Request

12.

Western Europe & Japan have what kind of economy?

a)

Free Enterprise

b)

Communist

c)

Socialist

d)

Import/Export

13.

North Korea and China have what kind of economy?

a)

Free Enterprise

b)

Socialist

c)

None

d)

Communist

14.

How many types of economic systems are in the world today?

a)

3

b)

6

c)

2

d)

8

15.

What must be set aside to pay for police, fire protection, schools, roads and military forces?

a)

Insurance Money

b)

National Debt

c)

Free Market

d)

Tax Dollars

16.

In a free Enterprise or Market Economy does the government play a limited or unlimited role?

a)

Limited

b)

Unlimited

17.

In a communist Economy the Government decides everything on the market

a)

True

b)

False

18.
Definition: When businesses work against each other to try to get more customers and money. What is the term?
a)
Incentive
b)
Scarcity
c)
Competition
d)
Monopoly
19.
This includes sporting equipment, books, CDs and clothing- almost anything that you can touch.
a)
Goods
b)
Services
c)
Scarcity
d)
Available
20.
Actions that people perform for others, including things such as piano lessons, haircuts, and airplane trips -things you cannot actually touch or hold.
a)
Goods
b)
Services
c)
Scarcity
d)
Available
21.
Something you would like to have but do not need.
a)
Scarcity
b)
Available
c)
Want
d)
Need
22.
Something you have to have to survive!
a)
Scarcity
b)
Available
c)
Want
d)
Need
23.

Entrepreneurs are...

a)

people with all their efforts and abilities

b)

individuals who start a new business or bring a product to market.

c)

The "gifts of nature" or natural resources not created by human effort.

d)

the tools, equipment, and factories used in production of goods and services

24.

Man made items such as tools, factories and machines are known as?

a)

Natural Resources

b)

Capitol Goods

c)

Labor

d)

Entrepreneur

25.

Labor is?

a)

Person responsible for combining and organizing the goods, labor and resources to produce a good or service

b)

Items found in nature like oil, water, earth

c)

Any form of Human work

d)

Man made items like tools, factories and machines

26.

An example of a Natural Resource is?

a)

Water

b)

Steel

c)

Plastic

d)

Aluminum cans

27.

The person who is responsible for combining, organizing the goods, labor and resources to provide a good or service is called?

a)

A salesperson

b)

Entrepreneur

c)

Manager

d)

CEO

28.
The raw material used to make goods
a)
human/labor resources
b)
capital resource
c)
entrepreneur 
d)
natural resource
29.
Which of the following is true?
a)
demand is not related to price
b)
when demand is low, prices are high
c)
when demand is high, prices are high
d)
when demand is high, prices are low
30.
“goods"
a)
The amount that people pay for something
b)
Activities that can satisfy people’s wants
c)
Things that people can buy that satisfy people’s wants
d)
Things that will produce money and profits
31.
“services"
a)
The amount that people pay for something  
b)
Activities that can satisfy people’s wants
c)
Things that people can buy that satisfy people’s wants
d)
Things that will produce money and profits
32.

How many factors of production do we have?

a)

1

b)

4

c)

2

d)

3

33.

Identify the correct factor of production.

Skilled people working in a lawyers firm will be seen as?

a)

Natural resources

b)

Labour

c)

Capital

d)

Entrepreneurship

34.

Identify the correct factor of production.

Machinery and factories are?

a)

Natural resources

b)

Labour

c)

Capital

d)

Entrepreneurship

35.

Identify the correct factor of production.

Water, wood and fish are?

a)

Natural resources

b)

Labour

c)

Capital

d)

Entrepreneurship

36.

Identify the correct factor of production.

Any person working will be seen as?

a)

Natural resources

b)

Labour

c)

Capital

d)

Entrepreneurship

37.

What are 4 "Economic Activities?"

a)

Shopping, farming, buying, advertising

b)

Retail, Manufacturing, Service, Agriculture

c)

Farming, Selling, Creating, Service

d)

Manufacturing, Selling, Retail, Agriculture

38.

Agriculture refers to?

a)

Anything that has to do with the city

b)

Selling goods

c)

Providing a service

d)

Anything that has to do with farming, livestock etc

39.

What is an example of Manufacturing?

a)

Raising cattle

b)

Building a car in a factory

c)

Selling shoes

d)

Cutting hair

40.

What is an example of retail?

a)

Mining for metal

b)

Picking chicken eggs

c)

Buying new clothes

d)

Having a gardener

41.

Service means you are paying someone to do something for you

a)

True

b)

False

42.

Some examples of service jobs are?

a)

Police officers

b)

Fire fighters

c)

Teachers

d)

All of the above

43.

Which list of words relates to Manufacturing?

a)

Chickens, Farms, Cattle

b)

Teachers, Doctors, Chefs

c)

Factories, Machines, Labor

d)

Shopping, Malls, Goods

44.

Which list of words relates to Agriculture?

a)

Shopping, Sales, Stores

b)

Factories, Machines, Tools

c)

Mechanics, Chefs, Taxi drivers

d)

Farming, Livestock, Crops

45.

Retail typically happens where?

a)

Stores

b)

Farms

c)

Factories

d)

Outside

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