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- 1. Multiple Choice
What is economics?
The process or system of goods/services that sold, bought, and produced in an area.
The system where people move from place to place.
The process of goods being sent into another country.
I haven't got a clue.
- 2. Multiple Choice
The amount of something that is available and ready to be sold.
demand
supply
income
profit
- 3. Multiple Choice
The __________ was for water so great that the shelves were empty.
say...what?
supply
demand
international
- 4. Multiple Choice
Definition for demand....
The amount of money made from a business.
The control of a commodity (a good) or service.
Something that is owed to someone else.
How badly people want a good or service.
- 5. Multiple Choice
Someone who takes the risk to start and organize a business.
entrepreneur
debt
consumers
shortage
- 6. Multiple Choice
An item or service that is to be sold to consumers is called a _________.
profit
product
economics
income
- 7. Multiple Choice
What does income mean?
The amount of debt one goes into when starting a business.
How much allowance your parents give you weekly.
The amount of money made from a business or job.
Ten dollars
- 8. Multiple Choice
What is a monopoly?
A board game that people play.
Something you find at the store.
The control of a commodity (a good) or service.
Too small of an amount.
- 9. Multiple Choice
Something that is sold from one country to another or involving two are more countries.
international
national
consumers
entrpreneur
- 10. Multiple Choice
Lisa made a ___________ of $22.35 after she subtracted her expenses.
debt
checkbook
shortage
profit
- 11. Multiple Choice
Something that is owed to someone else.
due date
debt
income
economics
- 12. Multiple Choice
There was a ___________ of iphones at the store when there was a sale.
shortage
profit
international
consumers
- 13. Multiple Choice
An individual who purchases or buys goods or services are called ____________.
entrepreneurs
students
monopoly
consumers
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