Economics Check for Understanding

Economics Check for Understanding

7th Grade

20 Qs

quiz-placeholder

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Economics Check for Understanding

Economics Check for Understanding

Assessment

Quiz

History

7th Grade

Medium

Created by

Nicole Spreeman

Used 12+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do businesses buy from households?

Money

Goods & Services

Resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do households buy from businesses?

Money

Resources

Goods & Services

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Households sell their labor in exchange for what?

Goods & Services

Paycheck

Resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the government collect from households and businesses?

Goods & Services

Taxes

Resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the government use tax revenue to provide to households and businesses?

Goods & Services

Resources

Income

Public Goods & Services

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do banks encourage people to save money?

Dividends

Bonds

Interest

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money and resources continuously flow in a circular way between all of the following EXCEPT...

Households

Government

Businesses

Public Goods & Services

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