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Economics

Authored by Chelsea Rusch

Social Studies

4th Grade

Used 22+ times

Economics
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who provides a good or a service is a

Human

Consumer

Producer

Henry Ford

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is when

there is a low supply of a product

there is too much of a product

no one wants a product

someone scares you

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Workers are paid _______ for the work they do.

profits

wages

dollars

overhead

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A form of trade in which goods and services are traded for something other than money is called

gypsy trading

bribing

goods

bartering

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who buys a good or a service is

lazy

a consumer

a producer

an entrepreneur

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Profit is

the money left over after all the business overhead has been paid

the money given to workers for doing their job

a well-fitting suit

the money someone has in their bank

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To ___________ means to buy goods and services from sellers in other countries.

import

export

trade

barter

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