Economics And Money With Bobo

5 Questions | Total Attempts: 30

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Economics Quizzes & Trivia

This quiz is to test your knowledge on economics and money. Answer the questions carefully. Have fun!


Questions and Answers
  • 1. 
    Economics is the study of?  
    • A. 

      How something is built

    • B. 

      How a society uses its resources to satisfy its wants and needs

    • C. 

      How to obtain a job

    • D. 

      How to use money

    • E. 

      The economy

  • 2. 
    Identify three ways to view economics
    • A. 

      Your family working together around the house to complete tasks

    • B. 

      Lawmakers make decisions on how to spend government money

    • C. 

      Some managers of a large business making decisions on producing a new product

    • D. 

      Toy factory speeding up production in the warehouse

    • E. 

      When you raise your hand to ask to use the bathroom in class

  • 3. 
    Scarcity is
  • 4. 
    A consumer is
    • A. 

      A person who saves money

    • B. 

      A person who buys and uses up goods

    • C. 

      A person who likes to invest

  • 5. 
    Goods are
    • A. 

      Items

    • B. 

      Something useful and desireable

    • C. 

      Candy