Which of the following is not an example of bartering?

Tais gave Johnny $3 for a cupcake

The people who buy goods or services

Who are stakeholders?

People who have a vested interest in the business

In economics, what is capital?

Wealth, such as cash and assets

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Year 8 Economics Quiz 1

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An #economics #quiz for #year8 about the basic terms of the unit

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Questions 15

Answers

1
What is economics?
The most boring subject at school
The production, consumption, and transfer of wealth
The study of cooking and household management
The study of the ecosystem
2
What is a budget?
A plan for how you save your money
A plan for managing your finances
A plan for how you spend your income
All of the above
3
What is a producer?
The people who make goods or provide services for sale
The people who manage the finances of films
The people who advocate for the rights of farmers
The people that make the most money
4
Which of the following is not an example of bartering?
Sarah swapped three highlighters for a four-pen from Steph
Ben exchanged three sheep for a cow from Caleb
Tais gave Johnny $3 for a cupcake
Jae gave Emily three fidget spinners for a fidget cube
5
What is expenditure?
The amount of tax you pay
The amount of money you spend
The amount of money you gain
Your salary
6
What is savings?
The amount of money you save
The amount of money you earn
The amount of money you pay in tax
The amount of money you spend
7
Which of the following is not a natural resource?
Gold
Timber
Glass
Coal
8
What is this?
A Budget
An Income Statment
A Receipt
An Invoice
9
If it costs $60 for my ingredients and I sell 100 muffins for $2 each, how much is my profit?
$240
$60
$140
$200
10
What is a consumer?
The people who take over other businesses
The people who buy goods or services
The people who eat food
The people who make consommé
11
What is income?
Your salary
The amount of money you spend
The amount of tax you pay
The amount of money you gain
12
What is human resources?
Humans that use stuff
Humans that make stuff
Things that humans use
The stuff humans are made of
13
Which of the following is not technology in economics?
A robot
A printer
A human
A hammer
14
Who are stakeholders?
People who own the business
Vampire Slayers
People who work in the business
People who have a vested interest in the business
15
In economics, what is capital?
Canberra
The big letter we use at the beginning of pronouns
Wealth, such as cash and assets
The main city of Panem

Year 8 Economics Quiz 1 Flashcards | StudBud