Young Economist Quiz

What does ROI stand for in the business world?

• Return on Investment

• Rate of Inflation

• Revenue of Income

What is the primary purpose of a business plan?

• To outline marketing strategies

• To secure funding

• To track daily operations

What does the term "supply and demand" refer to in economics?

• The availability of goods and services

• The price of a product

• The relationship between buyers and sellers

What is an entrepreneur?

• An employee in a large corporation

• A person who starts and runs a business

• A government official

Why is financial literacy important for young people?

• To win at monopoly

• To make informed financial decisions

• To impress friends with economic terms