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WorksheetsEconomics
Total questions: 10
Worksheet time: 20mins
Name
Class
Date
1.
When you lack enough resources to make products that the consumer desires.
a)
Opportunity Cost
b)
Producer
c)
Consumer
d)
Scarcity
2.
The person who is buying the products in the marketplace.
a)
Opportunity Cost
b)
Producer
c)
Consumer
d)
Scarcity
3.
The cost of a choice that you make.
a)
Opportunity Cost
b)
Producer
c)
Consumer
d)
Scarcity
4.
The person who is selling the product in the marketplace.
a)
Opportunity Cost
b)
Producer
c)
Consumer
d)
Budget
5.
A plan for using income productively.
a)
Opportunity Cost
b)
Producer
c)
Consumer
d)
Budget
6.
Why do you need a budget in a business?
4 lines
7.
What is a marketplace?
4 lines
8.
Who are the key people in a marketplace?
4 lines
9.
Tell me an example of opportunity cost.
4 lines
10.
Tell me an example of scarcity.
4 lines
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