Economics
2 years ago
davisju
Save
Edit
Host a game
Live GameLive
Homework
Solo Practice
Practice
19 QuestionsShow answers
  • Question 1
    300 seconds
    Q.

    Which of these examples is a service?

    answer choices

    Mr. Farr sells guitars.

    Mr. Swenson gives art supplies to consumers.

    Coach provides lessons for different sports.

    Ms. Miller writes books.

  • Question 2
    300 seconds
    Q.

    Jenny has hundreds of stuffed animals to sell. The stuffed animals are considered the _________.

    answer choices

    supply

    demand

    buyer

    seller

  • Question 3
    300 seconds
    Q.

    Why would a business want to spend their money to invent new items?

    answer choices

    They can save money

    They will fix broken items

    They can buy cool goods

    They can make new goods to sell

  • Question 4
    300 seconds
    Q.

    Tyler wants to help homeless people. He decides to get friends together to put together boxes with supplies in them. Tyler and his friends then give the supply boxes to people in need. What are they doing?

    answer choices

    They are spending the supplies.

    They are donating the supplies.

    They are earning the supplies.

    They are borrowing supplies.

  • Question 5
    300 seconds
    Q.

    What is supply?

    answer choices

    the amount of an item you have

    how many people want your good/service

    the money you have left over after you paid your bills

    none of these

  • Question 6
    300 seconds
    Q.

    What is demand?

    answer choices

    the amount of an item you have

    how many people want your good/service

    the money you have left over after you paid your bills

    none of these

  • Question 7
    300 seconds
    Q.

    What is profit?

    answer choices

    the money you have left over after you paid your bills

    how many people want your good/service

    the amount of an item you have

    none of these

  • Question 8
    300 seconds
    Q.

    What does it mean when you save money?

    answer choices

    You buy a new outfit.

    You put money away for later.

    You invent a new good.

    You give money to help animals.

  • Question 9
    300 seconds
    Q.

    Opal saved money in the bank. From doing this, she earned _______.

    answer choices

    Interest

    Invest

  • Question 10
    300 seconds
    Q.

    Some companies _______ in inventions that will help them compete with other companies.

    answer choices

    Interest

    Invest

  • Question 11
    300 seconds
    Q.

    Apple saved some of their money to create the new iPhone X. This choice means Apple _______ in their company.

    answer choices

    Interest

    Invest

  • Question 12
    300 seconds
    Q.

    Ms. Miller put $200 into her account, but now she has $230. This is because of ______.

    answer choices

    Interest

    Invest

  • Question 13
    300 seconds
    Q.

    Which of the following will increase your profit for selling hot chocolate?

    answer choices

    Use expensive materials

    Lower the price

    Give each buyer more hot chocolate

    Use cheaper materials

  • Question 14
    300 seconds
    Q.

    Money that you put in a savings account______.

    answer choices

    can never be spent

    can earn interest

    will be stolen

    is going to be donated

  • Question 15
    300 seconds
    Q.

    Which of these is a way that a business can use its money wisely/invest in their business?

    answer choices

    It can use more expensive resources.

    It can invent new goods.

    It can buy machines to make goods.

    All of the above

  • Question 16
    300 seconds
    Q.

    iPhone X just came out and many people want it. What will happen to the price?

    answer choices
  • Question 17
    300 seconds
    Q.

    A new bakery comes to town. Now there are more options for a bakery. What will happen to the price?

    answer choices
  • Question 18
    300 seconds
    Q.

    For the market, Opal is selling brownies. Dyamonde is also selling brownies. What will happen to the price?

    answer choices
  • Question 19
    300 seconds
    Q.

    Halloween is almost here! The supply of candy is going down. What will happen to the price?

    answer choices
Report Quiz
Join a game