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Economics
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Economics second grade quiz.
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
Work done for money is a...
want
service
need
good
2
We have these types of buildings to help produce goods quickly.
export
grocery store
import
factory
3
The demand for a newly released xbox game is...
low
high
4
Everyone in your family is a consumer because they...
sell goods
none of the above
buy goods and services
sell services
5
Soybeans are one of North Carolinas....
imports
goods
resources
demands
6
What does the government collect from people to pay for government jobs and roads?
import
taxes
profit
income
7
When a country brings in goods from another country.
imports
exports
trade
currency
8
When a country gives resources to another country.
import
supply
export
demand
9
When owning a business you get to spend this after you pay for your supplies.
service
good
supply
income
10
A plan to save your money to spend and save on needs and wants is called what?
consumer
scarcity
budget
producer
11
The demand for a newly released iphone is...
High
Low
12
If you don't have enough money to pay for something expensive, what can you ask the bank for?
check
taxes
resources
loan
13
When stores want to get rid of clothes they put them on sale and the price goes...
down
up
14
What are safe places to keep money and earn interest?
bank
under your bed
piggy bank
factory
15
Diamonds are expensive. The supply of diamonds is...
Low
High
16
Which is an example of a government service job?
pet sitter
hair stylist
doctor
teacher
17
Pumpkins in the winter time are an example of this.
scarcity
producer
demand
resource
