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Basic Economics Class!

Authored by DeAngelo Doles

Social Studies

7th Grade

Used 16+ times

Basic Economics Class!
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18 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The Basic Questions All Economic Systems Address

What is produced?

For whom?

How many?

How are goods produced?

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is Capital Resources and Capital goods?

Risking economic failure in return for economic gain

buildings, machinery and tools used in the production process. Examples: computers, hammers, factories

 anything that people use to make or obtain what they            need or want

manufactured materials used to create products including capital goods and money

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________ are things that incite or change economic behavior.

Money

Incentive

Love

Good grades

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Consumers

people who make things that satisfy consumers’ needs and wants

 people who buy and use products

people who are eat alot of food

you and me

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Producers

people who buy and use products

people who make things that satisfy consumers’ needs and wants

Plants

Make music

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are basic NEEDs?

Food

Clothing

Disney Plus

Pokemon

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

_________ is selecting an item or action from a set of alternatives.

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