Economics and Business Concepts Quiz
Authored by SIENNA C
Social Studies
8th Grade
Used 1+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
40 questions
Show all answers
1.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
What is the word that refers to the idea that we are unable to satisfy all of our wants and needs because resources and goods are limited?
(a)
2.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the 4 basic questions that must be answered in all economic systems?
Evaluate responses using AI:
OFF
3.
OPEN ENDED QUESTION
3 mins • 1 pt
What is an incentive?
Evaluate responses using AI:
OFF
4.
OPEN ENDED QUESTION
3 mins • 1 pt
Someone opens a booth at a flea market. What factor of production does this represent?
Evaluate responses using AI:
OFF
5.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
What type of economic system do most countries today have?
(a)
6.
OPEN ENDED QUESTION
3 mins • 1 pt
In that economic system, who makes decisions in the private sector?
Evaluate responses using AI:
OFF
7.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
In that economic system, who makes decisions in the public sector?
(a)
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
