The total amount of a good or service that is available to buy is called
demand
incentive
profit
supply
2. Multiple Choice
30 seconds
1 pt
A(n) ______________is something that leads a person to make a certain choice.
demand
incentive
profit
supply
3. Multiple Choice
30 seconds
1 pt
The total amount of a good or service that customers will buy at all prices is called
demand
incentive
profit
supply
4. Multiple Choice
30 seconds
1 pt
The amount of money earned by a business after costs are removed is called
demand
incentive
profit
supply
5. Multiple Choice
30 seconds
1 pt
Which of the following people is earning money by providing a service?
Anthony grows fruit to sell
Laura sews stuffed animals
Carl sells lemonade he makes
Marie teaches a third grade class
6. Multiple Choice
30 seconds
1 pt
Which of the following will increase the profit at a lemonade stand?
using cheaper lemons
using more ingredients
selling during cold weather
giving glasses away for free
7. Multiple Choice
30 seconds
1 pt
At Georgia's fruit stand, she sells apples. The __________ of apples is how many she has to sell.
buyer
demand
seller
supply
8. Multiple Choice
30 seconds
1 pt
Oprah and Bill Gates are entrepreneurs because they
watched television all day long
spent all their time on the internet
grew fruits and vegetables to sell
took risks to start their own businesses
9. Multiple Choice
30 seconds
1 pt
Which of the following is the main goal of a charity?
work on television shows
give money to people in need
make billions of dollars in profit
create computer programs to sell
10. Multiple Choice
30 seconds
1 pt
A new toy becomes very popular, and many people want it. How will the price of the toy change?
price will go up
price will go down
11. Multiple Choice
30 seconds
1 pt
A new bakery moves into the neighborhood. Now there are many more cookies that people can buy. How will the price of cookies change>
price will go up
price will go down
12. Multiple Choice
30 seconds
1 pt
Cold weather in Florida kills many trees that grow oranges. How will the price of oranges change?
Price will go up
Price will go down
13. Multiple Choice
30 seconds
1 pt
Julie sells hot chocolate during the winter. But this winter has been very warm. How will the price of hot chocolate change?
Price will go up
Price will go down
14. Multiple Choice
30 seconds
1 pt
One company charges a high price to ship mail quickly. Soon many other companies start shipping mail just as quickly. How will the price of this service change?