WorksheetsEconomics Quiz
Total questions: 12
Worksheet time: 9mins
What is a need?
Things that everyone needs to survive
Things that people need to look cool
Which pictures show an example of a need? (Choose all correct answers)
What is an example of a want?
What is a good?
A physical product that can be bought and sold
A task that someone performs
Something that is great
Choose all the pictures that show a service.
Is this person a consumer or a producer?
Someone buys a cookie at a bakery.
consumer
producer
Is this person a consumer or a producer?
A hair stylist that cuts someone's hair.
consumer
producer
What is supply?
How much of a good that people want to BUY
How much of a good that a company can MAKE
What is demand?
How much people want to BUY a product.
How much a company can MAKE of a product.
If more people want an item, the price will probably go ____.
Up
Down
Choose all the pictures that are an example of a natural resource.
Choose all the pictures that show an example of human resources.
