Economics Check for Understanding
Authored by Nicole Spreeman
History
7th Grade
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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