Basics of economics

Basics of economics

9th - 12th Grade

13 Qs

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Basics of economics

Basics of economics

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Cindy Humbyrd

Used 4+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics

A branch of science
A branch of mathematics
A branch of social science that deals with the production, distribution, and consumption of goods and services
A branch of philosophy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

free market

A system where the government determines production, investment, and prices
A system where the government has no control over the market
A system where the government has complete control over the market
A system where the government partially controls the market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

producer

A person who makes goods or services
A type of animal
A type of plant
A type of mineral

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

distributors

A device that distributes electric current
A person who supplies goods to stores
A type of software
A type of food

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

consumers

People who produce goods and services
People who buy and use goods and services
People who sell goods and services
People who invest in businesses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

labor

A type of cheese
A type of fruit
A type of car
Work performed by people

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

resources

A material or substance used in the primary production or manufacturing of goods
A type of food
A type of animal
A type of plant

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