What is economics primarily concerned with?

The study of the choices people make to satisfy their wants and needs with a limited supply of resources.

The study of how money is printed and distributed by governments.

The study of historical events and their impact on society.

The study of how goods are transported across different countries.

In economics, what is a 'want'?

Something people desire or need to have.

A physical product that can be held and touched.

An action provided to someone, like a haircut.

A limited supply of resources available to society.

What does 'scarcity' mean in economics?

Having a limited supply of resources to meet the needs and wants of society.

Having an unlimited supply of resources to meet all needs and wants.

The process of producing goods and services efficiently.

The distribution of wealth among different social classes.

According to a recent newspaper story, more Americans own dogs than ever before. As a result, ten new companies start making and selling dog food. What will probably happen to the overall supply of dog food?

The supply will probably go up.

The supply will probably go down.

Weather forecasters predict this summer will be much hotter than usual. What will probably happen to the demand for air conditioners?

The demand will probably go down

Introduction to Economics -FMS Lesson

27 questions

Show all answers

1.

SLIDE QUESTION

30 sec • Ungraded

2.

SLIDE QUESTION

30 sec • Ungraded

3.

SLIDE QUESTION

30 sec • Ungraded

4.

SLIDE QUESTION

30 sec • Ungraded

5.

SLIDE QUESTION

30 sec • Ungraded

6.

SLIDE QUESTION

30 sec • Ungraded

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of an entrepreneur?

To avoid work

To create and grow a business

To follow orders

To maintain the status quo

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

Already have an account?

Similar Resources on Wayground

23 questions

Great Depression Vocabulary

Lesson

•

5th - 6th Grade

22 questions

The Zhou Dynasty

Lesson

•

6th Grade

21 questions

Contemporary Texas

Lesson

•

7th Grade

24 questions

Ancient Kingdom of Kush

Lesson

•

6th Grade

21 questions

Greek City States

Lesson

•

6th Grade

21 questions

Order of Operations

Lesson

•

6th Grade

21 questions

Epoka Napoleona Bonapartego

Lesson

•

6th Grade

24 questions

Proficiency 1 Study Guide

Lesson

•

6th Grade

Popular Resources on Wayground

15 questions

Fractions on a Number Line

Quiz

•

3rd Grade

14 questions

Boundaries & Healthy Relationships

Lesson

•

6th - 8th Grade

13 questions

SMS Cafeteria Expectations Quiz

Quiz

•

6th - 8th Grade

20 questions

Equivalent Fractions

Quiz

•

3rd Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

12 questions

SMS Restroom Expectations Quiz

Quiz

•

6th - 8th Grade

20 questions

Main Idea and Details

Quiz

•

5th Grade

10 questions

Pi Day Trivia!

Quiz

•

6th - 9th Grade

Discover more resources for History

7 questions

History of St. Patrick's Day for Kids | Bedtime History

Interactive video

•

1st - 12th Grade

14 questions

The Cold War

Quiz

•

KG - University

20 questions

Athens & Sparta Review

Quiz

•

6th - 8th Grade

10 questions

Exploring the Core Beliefs of Buddhism

Interactive video

•

6th - 8th Grade

30 questions

Ancient India

Quiz

•

6th Grade

40 questions

Latin America History

Quiz

•

6th Grade

10 questions

Exploring the Achievements of Ancient Rome

Interactive video

•

6th - 8th Grade

12 questions

Peopling of the Americas Quiz Review – Worksheet Questions

Quiz

•

6th Grade