The ability or need to buy goods and services is called...
Supply and Demand

Quiz
•
Social Studies
•
5th Grade
•
Hard
Natalia Forero
Used 4+ times
FREE Resource
27 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supply
Demand
Law of demand
Law of supply
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods that get used or replaced often are called...
Gross domestic products
Supply
Durable good
Consumable goods
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
More is demanded at a lower price than at a high price is known as...
Supply
Demand
Law of demand
Law of supply
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the cost of making biclycles goes down, the supply will likely...
increase
decrease
stay the same
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system in which there is free competition and prices are determined by the interaction of supply and demand is called...
mixed economy
market economy
economic growth
gross domestic product
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gasoline and cleaning supplies are examples of
durable goods
gross domestic producst
consumable goods
supply
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Oil and diamonds are both often expensive because they are ...
non-renewable resources
renewable resources
resources
goods
Create a free account and access millions of resources
Similar Resources on Wayground
24 questions
Westward Expansion

Quiz
•
4th - 12th Grade
31 questions
Economics Unit Review

Quiz
•
5th Grade
25 questions
Economy

Quiz
•
4th - 5th Grade
22 questions
Supply & Demand

Quiz
•
5th - 10th Grade
25 questions
Unit 2 Review

Quiz
•
KG - 12th Grade
24 questions
Economics

Quiz
•
5th Grade
25 questions
Cattle Trail Quiz

Quiz
•
5th Grade
25 questions
Economic Systems Quiz

Quiz
•
5th - 7th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade