Economics Quiz #2
10 Questions
| Attempts: 233
NAME:______________________________ # _____ DATE: _________________________
This quiz will assess your knowledge of economic terms.
Questions and Answers
- 1.
1. Things that are used to produce more goods and services:
- A.
Producer
- B.
Resources
- C.
Consumer
Correct Answer
B. Resources -
- 2.
2. Someone who buys goods and services:
- A.
Consumer
- B.
Producer
- C.
Supply
Correct Answer
A. Consumer -
- 3.
3. The kind of economic system we have in our country:
- A.
Scarcity
- B.
Free enterprise/ market economy
- C.
Consumer
Correct Answer
B. Free enterprise/ market economy -
- 4.
4. Trading goods and services with other goods and services or for money:
- A.
Scarcity
- B.
Exchange
- C.
Demand
Correct Answer
B. Exchange -
- 5.
5. Things in nature that people see as useful:
- A.
Capital resources
- B.
Natural resources
- C.
Human resources
Correct Answer
B. Natural resources -
- 6.
6. The amount of a product that is available for consumers to buy:
- A.
Supply
- B.
Demand
- C.
Consumer
Correct Answer
A. Supply -
- 7.
7. Not enough:
- A.
Supply
- B.
Exchange
- C.
Scarcity
Correct Answer
C. Scarcity -
- 8.
8. Someone who makes goods and services:
- A.
Exchange
- B.
Producer
- C.
Consumer
Correct Answer
B. Producer -
- 9.
9. Consumer's willingness and ability to purchase a good or service:
- A.
Exchange
- B.
Demand
- C.
Scarcity
Correct Answer
B. Demand -
- 10.
10. Workers and their skills:
- A.
Natural resources
- B.
Human resources
- C.
Capital resources
Correct Answer
B. Human resources -
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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Jan 22, 2013Quiz Edited by
ProProfs Editorial Team -
Feb 04, 2011Quiz Created by
Dleblanc2
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