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- 1. Multiple Choice
The amount of something you have to sell:
budget
supply
demand
capital
- 2. Multiple Choice
A plan for using money:
budget
supply
capital
demand
- 3. Multiple Choice
Jobs you pay someone to do:
capital
services
goods
supplies
- 4. Multiple Choice
The amount of something the customers want:
capital
services
demand
supply
- 5. Multiple Choice
The amount of money a person or company uses to run a business:
capital
supply
service
demand
- 6. Multiple Choice
You are allowed to go to your friend's house if you do your homework. What is the incentive?
doing your homework
not doing your homework
going to your friend's house
not going to your friend's house
- 7. Multiple Choice
If you break a rule, you will have to serve a detention. What is the incentive?
not serving a detention
serving a detention
breaking a rule
not breaking a rule
- 8. Multiple Choice
Getting paid for doing chores is a _______________ incentive.
positive
negative
- 9. Multiple Choice
Getting grounded for fighting is a __________________ incentive.
positive
negative
- 10. Multiple Choice
At Christmas time, the Switch was so popular, that you couldn't find it in any stores. This is an example of:
consumer
scarcity
opportunity cost
service
- 11. Multiple Choice
Opportunity cost is:
your first choice you make
when a good is hard to find
something you give up to get something else
- 12. Multiple Choice
How goods, services and money are traded back and forth:
consumer
economics
opportunity cost
scarcity
- 13. Multiple Choice
A person who buys a product or service:
producer
consumer
economics
scarcity
- 14. Multiple Choice
What statement can you make about muffin sales?
The muffins did not sell
More muffins were sold at the beginning of the week
More muffins were sold at the end of the week
The same amount of muffins were sold on Wednesday and Sunday
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