Economics 1 Review
Presentation
•
Social Studies
•
5th - 9th Grade
•
Easy
Toby Williamson
Used 9+ times
FREE Resource
5 Slides • 16 Questions
1
Economics Review
Some text here about the topic of discussion
2
Open Ended
How would you define economics?
3
Economics is....
The study of how society chooses to allocate its scarce resources to the production of goods and services to satisfy unlimited wants
4
Open Ended
How would you define scarcity?
5
Scarcity is....
meeting the demand of resources with the limited supply
6
Open Ended
What are some examples of goods?
7
Goods are...
All the objects that people make and use
8
Open Ended
What are some examples of services?
9
Services are...
Activities that people do for others.
10
Multiple Choice
Fishing is part of which economic sector?
Tertiary
Secondary
Primary
Quaternary
11
Multiple Choice
Banks are part of which economic sector?
Primary
Tertiary
Quarternary
Secondary
12
Multiple Choice
In the circular flow of economics, where do we get goods and services from?
Businesses
Resource Market
Product market
Households / Individuals
13
Multiple Choice
In the circular flow of economics, who provides the resources
Businesses
Resource Market
Product market
Households / Individuals
14
Multiple Choice
A developing country is one that relies on...
Secondary
Primary
Tertiary
Quaternary
15
Multiple Choice
Which of the following is a developed country?
Germany
China
Brazil
South Africa
16
Multiple Choice
Which of the following is a developing country?
Thailand
Laos
Mexico
India
17
Multiple Choice
In the circular flow of economics, households/individuals receive which of the following?
Rent
Resources
Income
Profit
18
Multiple Choice
A factory is which of the four factors of production?
Land
Labour
Capital
Entrepreneurship
19
Multiple Choice
Which of the following economic sectors is about research and knowledge?
Primary
Secondary
Tertiary
Quaternary
20
Multiple Choice
What is GDP?
Great domestic product
Gross domestic product
Gross domestic production
Good domestic production
21
Poll
How ready are you for the unit test?
Give it to me now!
I feel pretty good about it.
I think I need to review more.
No, absolutely not.
Economics Review
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