Economics
Quiz
•
Business, Social Studies, Life Skills
•
4th Grade
•
Practice Problem
•
Medium
+6
Standards-aligned
Peter Williams
Used 7+ times
FREE Resource
Enhance your content in a minute
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consumer?
a person who takes things
a person who purchases goods and services for personal use
a person who takes good away
the economic factors affecting the price, demand, and availability of a commodity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a producer?
a person who gives goods away
things people would like to have
the exchanged of goods and services without the use of money
a person, company, or country that makes grows, or supplies goods for sale
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the supply of a good is higher than the demand, what happens to the price?
stays the same
price increases
price decreases
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Basic things humans need to survive
want
import
need
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Extras that make life more enjoyable
need
want
savings
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is supply?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is demand?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
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