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- 1. Multiple Choice
What do you call the total amount of a product that producers are willing to make and sell at a certain price?
private business
supply
demand
competition
- 2. Multiple Choice
What do you call companies fighting for customers?
private business
supply
demand
competition
- 3. Multiple Choice
What do you call it when you put money in the bank and the bank holds it for you?
checking account
savings account
private business
competition
- 4. Multiple Choice
Who provides goods and services?
checking accounts
saving accounts
competitions
private businesses
- 5. Multiple Choice
What do you call a bank account where you put money in the bank so that it can be taken out slowly over time?
checking account
savings account
competition
private business
- 6. Multiple Choice
What is the amount of a product that consumers are willing and able to buy at a certain price?
supply
demand
competition
interest
- 7. Multiple Choice
What do you call money that you have to pay back?
checking account
savings account
loan
tax
- 8. Multiple Choice
What is the annual fee on the amount of money a person makes, collected by state and federal government?
income tax
sales tax
interest
tax
- 9. Multiple Choice
What do you call a percentage of the total amount you have in the bank that is paid into your account?
tax
sales tax
income tax
interest
- 10. Multiple Choice
What is the fee on things people buy that is collected by the government?
interest
tax
sales tax
income tax
- 11. Multiple Choice
What do you call money that is paid to the government?
interest
loan
demand
tax
- 12. Multiple Choice
The grocery store normally gets 60 crates of eggs. This week it gets 120 crates. What is likely to happen next?
The store will stop selling eggs.
The price of eggs will go up.
The price of eggs will go down.
People will get fewer eggs.
- 13. Multiple Choice
Saving money in the bank earns interest for your account. Why does the bank pay interest?
Because it is using your money when you are not.
Because the bank is not open on most days.
Because you cannot use your money for a long time.
Because it is hard to get your money out of the bank.
- 14. Multiple Choice
How much sales tax does a poor person pay on a toothbrush compared to a rich person?
The rich person pays more tax.
The poor person pays more tax.
They both pay the same amount.
Neither one pays anything.
- 15. Multiple Choice
The government plays a role in the economy. The MOST important role for the U.S. government economy is...
paying workers
collecting taxes
paying taxes
paying the president
- 16. Multiple Choice
Each week you get $10 for your allowance. You often have $2 extra after spending it. You want to buy a pair of roller blades for $60 dollars. What should you do with your leftover allowance?
spend it on new shoes
write a check to spend it
lend it to your friend
put it in a savings account
- 17. Multiple Choice
Wal-Mart sells items to the American public. This is an example of ...
banks
government
charity
private business
- Answer choicesTagsAnswer choicesTags