WorksheetsEconomics
Total questions: 12
Worksheet time: 6mins
An object that someone can buy that can be held or touched is called a what?
Good
Service
Consumer
Producer
Buying a ticket to see a movie is an example of paying for what?
Good
Product
Service
Consumer
The desire that people have for products is called what?
Supply
Demand
Need
Good
The amount of product or service that someone has is called what?
Demand
Good
Service
Supply
Economics is the study of what?
Ecosystems
Chemicals
Energy
Money/ Wealth
When I give money for my large coffee in the morning to the cashier, I have now become a what?
Producer
Consumer
Entrepreneur
Employee
When I do not have enough supply to meet the demand of a good or service I now have a what?
Surplus
Product
Shortage
Job
Having more supply than I do demand would result in a what?
Shortage
Surplus
Market Crash
Service
In a market economy, who is mostly responsible for pricing and producing products?
The Government
Businesses
Incredibly Rich People
The King
Competition among businesses benefits who?
The Consumer
The Business
Both Business and Consumer
No One
The cash register that the business uses to sell bananas is an example of a what?
Capital Good
Consumer Good
Capital Service
Consumer Service
The shoes I bought from the mall are an example of a what?
Service
Consumer Good
Capital Good
Need
