Economy
Quiz
•
Social Studies
•
4th - 5th Grade
•
Practice Problem
•
Medium
Jenni Linde
Used 437+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A system where people can own their own business of their choice is called _____________.
Planned System
Options System
Market Economy or Free Enterprise
Taxes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the demand for a product is higher, the price ________________.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who makes a product in the product market is called ___________________.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who purchases a product is called a ________________________.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Someone or a company that loans a potential company money to start their own business is called an _____________________.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The money left over after a business pays for its costs is called a ________________.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There is a _________________ for a product when consumers want to buy it.
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