Economics Fundamentals

Economics Fundamentals

8th Grade

21 Qs

quiz-placeholder

Similar activities

The World In Spatial Terms

The World In Spatial Terms

8th Grade

23 Qs

Review Chapter 4 Government

Review Chapter 4 Government

7th - 8th Grade

20 Qs

Australia Review

Australia Review

8th - 10th Grade

16 Qs

อาเซียน

อาเซียน

7th - 12th Grade

20 Qs

Constitution to Republic Review

Constitution to Republic Review

6th - 12th Grade

22 Qs

Latin America

Latin America

7th - 8th Grade

26 Qs

RENAISSANCE PRACTICE REVIEW

RENAISSANCE PRACTICE REVIEW

8th Grade

16 Qs

The Struggle for North America

The Struggle for North America

5th - 9th Grade

16 Qs

Economics Fundamentals

Economics Fundamentals

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Medium

Created by

Tyler Minks

Used 31+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

21 questions

Show all answers

1.

DROPDOWN QUESTION

1 min • 1 pt

People have to make choices because ​ (a)  

resources are limited.
resources are abundant.
resources are varied.
they simply have to.

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select the four types of resources.

Natural

Human

Capital

Entrepreneurship

Fundamental

3.

DRAG AND DROP QUESTION

1 min • 1 pt

That which is given up when a choice is made is called ​ (a)   .

opportunity cost
scarcity
fundamental cost
supply & demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money exchanged for a good or service.

Cost
Expense
Value
Price

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are incentives?

Rewards or benefits offered to encourage certain behaviors or actions.
Everyday tasks
Random acts of kindness
Punishments for undesirable behaviors

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of an economic incentive?

Receiving a gift from a friend
Getting a promotion for good performance
Winning a lottery ticket

Buy one, get one free

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Snow cones during December

high demand
low demand

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?