Allocation of Goods and Services
Authored by Madison Johnson
Social Studies
2nd Grade
Used 3+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Select True or False: One example of an allocation is a majority rule.
True
False
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Select True or False: One example of a good is a car.
True
False
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the definition of Majority Rule?
Goods
Consumers
Producers
a political system in which the group that has the most members has the power to make decisions
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the definition of Price?
Services
Demand
the amount of money expected, required, or given in payment for something
Money
5.
MATCH QUESTION
1 min • 1 pt
Match the following:
the resources go to multiple parties by dividing the resource
Allocated
distribute for a particular purpose
Contests
an allocation strategy where the “winner” gets the good, service, or factor of production
Price
objects that satisfy people’s wants
Sharing
the amount of money expected, required, or given in payment for something
Goods
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Select True or False: One example of a service is a notepad.
False
True
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