Year 8 Economics Revision

Year 8 Economics Revision

7th - 8th Grade

79 Qs

quiz-placeholder

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Year 8 Economics Revision

Year 8 Economics Revision

Assessment

Quiz

Social Studies

7th - 8th Grade

Practice Problem

Hard

Created by

Cameron Hardy

Used 8+ times

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79 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following refers to individuals and businesses involved in the production of goods and services?

Consumers

Markets

Producers

Retailers

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What do we call the relationship between consumers and producers?

A market

Supply and demand

Consumer society

Supply chain

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The total of all producers in an economy is known as the ______ sector?

Economic

Financial

Government

Business

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is not one of the four functions of money?

Medium of exchange

Payment of wages

Measure of value

Store of value

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which legislation helps to protect the rights of workers?

The Anti-discrimination Act

The Workplace Safety Act

The Fair Work Act

The Worker’s Rights Act

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is not a common form of business ownership?

Sole proprietorship

Partnership

Dual occupancy

Corporation

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Who commonly forms business partnerships?

Family

People who work in the same profession

Friends

People who have no previous connection

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