Economic Principles

Economic Principles

7th Grade

23 Qs

quiz-placeholder

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Economic Principles

Economic Principles

Assessment

Quiz

Social Studies

7th Grade

Practice Problem

Medium

Created by

Ashley Boddie

Used 20+ times

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23 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

something that someone does for you, like give you a haircut or fix you dinner or even teach you social studies.

good

service

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

something that you can use or consume, like food or CDs or books or a car or clothes.

good

service

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An ___________________ is a system for allocating resources to meet people's needs and wants. It determines how goods and services are made and exchanged.

economy

ecosystem

community

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is being shown in the picture?

goods

services

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A waitress in a restaurant is an example of?

good

service

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What you 'give up' to choose the other option

consumer

opportunity cost

economics

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

When there are not enough resources to satisfy our wants/needs

consumer

goods

scarcity

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