Economics Quiz
Authored by alice bampton
Financial Education
9th Grade
Used 1+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What does the term consumer mean?
A person who starts a business
A worker in a factory
A person who buys and uses goods and services
A government official
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What are goods?
Services provided to individuals
Tangible items
Actions that cannot be stored
Intangible actions or benefits
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A farmer using tractors and irrigation systems to grow crops is mainly applying which factor of production?
Land
Labour
Capital
Entrepreneurship
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is an example of a service?
Clothing
Healthcare
Food
Machinery
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Scarcity exists because:
There is always a lack of money in the economy
Resources are unlimited while human wants are limited
Resources are limited while human wants are unlimited
Markets cannot distribute goods effectively
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a characteristic of a goods-based economy?
Heavy reliance on manufacturing
Less resource-intensive
Lower employment rates
Focus on providing services
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which country relies heavily on manufacturing?
Bangladesh
Sweden
Italy
Denmark
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