JA Review Quizizz

1. What is someone that buys and uses services and goods called?

• producer

• consumer

• entrepreneur

• citizen

2. What are 3 types of resources?

• natural, human, and capital

• natural, private and public

• human, consumer, and producer

• trade, natural, and human

3. Which best describes the circular flow of an economy?

• the flow between businesses and resources

• the exchange of money, goods, and services in an economy

• happens only in a resource market

• happens only in a goods and services market

4. A ____________ is a system in which economic decisions are made in markets by consumers and businesses.

• command economy

• resource economy

• free enterprise economy

• traditional economy

5. Which is not true of public goods and services?

• shared by everyone - sometimes at the same time

• only given to the needy

• no one is prevented from using them

• are paid for by taxes

6. Who pays for public goods and services?

• government

• taxpayers

• producers

• businesses

7. Due to scarcity, people cannot have all of the things they want.

• true

• false

8. A member of a town, city, county, state, or country is called what?

• a citizen

• a representative

• a resource

• a producer

9. What do you call the money left over after a business pays all its cost?

• resources

• operating cost

• savings

• profit

10. The amount left over from your paycheck after taxes and deductions is called:

• gross balance

• net pay

• direct deposit

• gross pay