7. How are the services of police officers, military, schools, and libraries paid for?

From police officers and schools

11. Which of the following best describes what it means to export something?

Being sent away for not having enough money

The transfer of something through the mail

The goods and services that are sent to another country to be sold

A service given to a consumer by a producer for free

12. Jessica has been very successful in her ice cream shop. The first week she opened, she sold out of mint chocolate chip ice cream! What happened?

Jessica didn't have enough supply of mint chocolate chip ice cream to meet the demand.

Jessica had too much mint chocolate chip ice cream.

The mint chocolate chip ice cream cost too much money.

13. Which definition below best describes demand?

The amount of goods that people want to buy for a given price

Someone who buys a good or service

When there is not enough of something to go around

Someone who provides a good or service

14. Which definition below best describes supply?

The total amount of a good or service that is available to consumers

Someone who provides a good or service

Someone who provides a good or services

The choice you make between two goods

15. Which definition below best describes scarcity?

Whenever there is not enough of a good or service to go around

A resource that is grown and used from nature

The total amount of a good or service that is available to consumers

When not a lot of people want an item, causing a lot to be leftover

Economics Test

Authored by Nicole Nelson

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OPEN ENDED QUESTION

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Is an apple considered a good or service?

Good

Service

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. Is a server considered a good or service?

Good

Service

MULTIPLE CHOICE QUESTION

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3. Is a teacher considered a good or service?

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MULTIPLE CHOICE QUESTION

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4. Is a basketball considered a good or service?

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5. Is a firefighter considered a good or service?

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30 sec • 1 pt

6. Is a pair of shoes considered a good or service?

Good

Service

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Economics Test

Type your first and last name below.

1. Is an apple considered a good or service?

2. Is a server considered a good or service?

3. Is a teacher considered a good or service?

4. Is a basketball considered a good or service?

5. Is a firefighter considered a good or service?

6. Is a pair of shoes considered a good or service?

7. How are the services of police officers, military, schools, and libraries paid for?

8. Jessica wants to open an ice cream shop. She is becoming an ____________.

9. As Jessica opens her store, she will need ice cream bowls, spoons, freezers, tables and chairs for her shop. All of these supplies are what kind of resources?

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