G4 SS CH6 L3-L5 QUIZ-2

What is the economic term for the situation when your country does not have what you want to buy?

• scarcity

• import

• profit

• economy

What is the economic term for finding a seller from another country and bringing in the thing you want?

• scarcity

• import

• profit

• economy

What is the economic term for selling the products at a higher price?

• scarcity

• import

• profit

• economy

What is the economic term for trading goods and exchanging money to make a strong system?

• scarcity

• import

• profit

• economy

Fill in the blank: Goods and services long ago had ______ choices.

• very few

• many

• unlimited

• expensive

Fill in the blank: Goods and services long ago were mostly ______.

• local

• imported

• expensive

• digital

Fill in the blank: Goods and services long ago were bought from ______ shops.

• physical

• online

• virtual

• mobile

Fill in the blank: Goods and services long ago were often ______.

• handmade

• imported

• expensive

• digital

Fill in the blank: Goods and services today have ______ choices.

• many

• few

• no

• limited

Fill in the blank: Goods and services today can come from ______.

• far away

• only nearby

• one country

• your own city