Market Terms

Market Terms

8th Grade

15 Qs

quiz-placeholder

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Market Terms

Market Terms

Assessment

Quiz

Special Education

8th Grade

Medium

Created by

Tom Kilday

Used 2+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The inability to satisfy all wants at the same time because all resources and goods are limited.

Opportunity cost

Incentives

Scarcity

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Factors of production used to make goods.

Opportunity cost

Incentives

Resources

Production

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

________ is a selection of an item or action from a set of possible alternatives

Opportunity cost

Choice

Production

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When a choice is made, __________is the value of what you are giving up.

Opportunity cost

Choice

Production

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The amount of money exchanged for a good

Price

Choice

Incentive

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Things that create or insite motivation to purchase, like two for one coupon at macdonies

Opportunity cost

Choice

Incentive

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

These are used to change ecomomic or money spending behavior.

Opportunity cost

Choice

Incentive

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