Chapter 16 - Introduction to Economics

Flashcard
•
Social Studies
•
8th Grade
•
Easy
Wayground Content
Used 1+ times
FREE Resource
Student preview

19 questions
Show all answers
1.
FLASHCARD QUESTION
Front
In the U.S., prices are established primarily through
Back
the forces of supply and demand
2.
FLASHCARD QUESTION
Front
When "thinking like an economist", one should accept an option when
Back
the benefits outweigh the costs
3.
FLASHCARD QUESTION
Front
A surplus typically indicates that
Back
the price is too high
4.
FLASHCARD QUESTION
Front
What forces people and nations to make economic choices?
Back
scarcity of resources
5.
FLASHCARD QUESTION
Front
Which of the following is an example of what to produce? Options: printing new textbooks, regulating air pollution caused by factories, hiring new workers, deciding where to drill for oil
Back
printing new textbooks
6.
FLASHCARD QUESTION
Front
Which of the following directly causes a change in demand? new technology, lower costs of production, number of producers, number of consumers
Back
number of consumers
7.
FLASHCARD QUESTION
Front
Which of these actions might explain a shift to the right of a demand curve?
Options:
The average income of consumers declines during a recession.
People are shopping for a hard to find toy during the holidays.
A surplus of oil hits the market.
The number of consumers in the market area decreases.
Back
People are shopping for a hard to find toy during the holidays.
Create a free account and access millions of resources
Similar Resources on Wayground
16 questions
Economics Vocabulary

Flashcard
•
7th Grade
20 questions
Economic Systems

Flashcard
•
9th Grade
16 questions
2nd Industrial Revolution

Flashcard
•
8th Grade
15 questions
SW Asia Economics Review

Flashcard
•
7th Grade
16 questions
Macroeconomics Review

Flashcard
•
7th Grade
12 questions
Economy (Systems)

Flashcard
•
7th Grade
12 questions
Unit 2 Formative 2 Study Guide

Flashcard
•
6th - 8th Grade
17 questions
Final Exam Review - Business & Economy

Flashcard
•
7th Grade
Popular Resources on Wayground
10 questions
Video Games

Quiz
•
6th - 12th Grade
20 questions
Brand Labels

Quiz
•
5th - 12th Grade
15 questions
Core 4 of Customer Service - Student Edition

Quiz
•
6th - 8th Grade
15 questions
What is Bullying?- Bullying Lesson Series 6-12

Lesson
•
11th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
22 questions
Adding Integers

Quiz
•
6th Grade
10 questions
Exploring Digital Citizenship Essentials

Interactive video
•
6th - 10th Grade
Discover more resources for Social Studies
20 questions
SS8H3

Quiz
•
8th Grade
10 questions
Exploring Supply and Demand Concepts for Kids

Interactive video
•
6th - 10th Grade
10 questions
Causes of the American Revolution

Quiz
•
8th Grade
7 questions
Mesopotamia Vocabulary

Lesson
•
6th - 8th Grade
21 questions
Georgia Judicial Review SS8CG4ab

Lesson
•
8th Grade
18 questions
Georgians' Perspectives on the Revolutionary War

Quiz
•
8th Grade
33 questions
Federalism Test Review: 2024

Quiz
•
8th - 12th Grade
9 questions
Federalism

Lesson
•
8th - 12th Grade