Economics quiz
1st Grade
•9 Qs
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Economics quiz
Quiz
•
Business
•
1st Grade
•
Practice Problem
•
Hard
Damaris kariungi
FREE Resource
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9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is economics
The study of money
The study of scarcity
the study of politics
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What drives supply and demand in free market?
Government
Prices
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is inflation
rising prices
Rising wages
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
............is the main source of government revenue.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is monopoly?
One buyer
one seller
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
.......happens in surplus.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is demand?
Willingness to pay
Stock quantity
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