Trivia Quiz: Economics Basic Knowledge! Test

10 Questions | Total Attempts: 67

SettingsSettingsSettings
Please wait...
Trivia Quiz: Economics Basic Knowledge! Test

.


Questions and Answers
  • 1. 
    Study of money and how people use their money.
    • A. 

      Wants

    • B. 

      Economics

    • C. 

      Needs

  • 2. 
    Things that a consumer needs to stay alive.
    • A. 

      Needs

    • B. 

      Trading

    • C. 

      Goods

  • 3. 
    Things that are done for consumers.
    • A. 

      Services

    • B. 

      Trading

    • C. 

      Opportunity cost

  • 4. 
    Money that people earn from their job.
    • A. 

      Encomomics

    • B. 

      Producer

    • C. 

      Income

  • 5. 
    Things that make life easier and more fun.
    • A. 

      Services

    • B. 

      Wants

    • C. 

      Cost

  • 6. 
    Objects that consumers buy to hold and touch.
    • A. 

      Goods

    • B. 

      Scarcity

    • C. 

      Natural resources

  • 7. 
    Everyone who spends money to buy goods and services.
    • A. 

      Producer

    • B. 

      Consumer

    • C. 

      Manufacturer

  • 8. 
    A person who makes a good or produces a service.
    • A. 

      Producer

    • B. 

      Consumer

    • C. 

      Economics

  • 9. 
    A limited supply of a good.
    • A. 

      Scarcity

    • B. 

      Wants

    • C. 

      Goods

  • 10. 
    Amount of money you need to buy a good or service.
    • A. 

      Needs

    • B. 

      Trading

    • C. 

      Price