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economics

Authored by Carly Anglin

Social Studies

4th Grade

Used 18+ times

economics
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the word buyer mean?

the person receiving the good or service for a price

the person selling the good or providing the service

a trade where both traders get something good in return

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do choice mean?

keeping money instead of spending it

things that a person would like to have but not necessary

a decision that must be made

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a need?

what is a person needs to live

things that a person would like to have

a decision that must be made

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is opportunity cost?

working in the most efficient way possible

what people must give up in order to get what they most want

the exchange of goods and services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is a personal budget?

benefit given to get someone to take a certain action

plan for using money that considers a person's saving and spending habits

how efficient a good or service is produced in order to increase profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is price incentive?

how efficient a good or service is produced

a way to motivate buyers to take action (coupons)

a trade where both traders get something good in return

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does productivity mean?

working in the most efficient way possible

when workers and business make more money

how efficient a good or service is produced in order to increase profit

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