Economics, at its base level, is all about consumerism. If there’s something you can produce and distribute to be bought and sold, it contributes towards the economy of the area in which it is taken place, at the highest level and of course at the lowest as well. In the following quiz, we’ll be seeing how much you can tell us about economics! Good luck!
Consumer
Wants
Goods
Services
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Scarcity
Wants
Goods
Services
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Consumer
Wants
Goods
Producer
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More people would buy them
Fewer people would buy them
The same number of people would buy them
Nothing would change
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Computer
Software company
TV
Students
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Raise the price
Lower the price
Make more cupcakes
Eat the extra cupcakes
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Businesses
Animals
Households
Governments
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Scarcity
Specialization
Interdependence
Goods
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Needs
Wants
Producer
Services
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Scarcity
Wants
Abundance
Services
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Sugar, rice, and cotton
Tourism
Oil, gas, and minerals
Oranges and bananas
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Needs
Abundance
Goods
Services
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Scarcity
Needs
Abundance
Services
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Interdependence
Scarcity
Specialization
Needs
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Needs
Wants
Goods
Consumer
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Natural
Human
Capital
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The color of each bag
The price of each bag
The number of cookies in each bag
The flavor of the cookies in each bag
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Supply goods and services for people to buy
They give places for people to work
A and B
None of the above
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The price of each bag
The number of chips in each bag
The color of each bag
The flavor of the chips
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More
Fewer
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More
Fewer
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Natural
Human
Capital
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Oranges and bananas
Computers and printers
Clothing and shoes
Fish, shrimp and other seafood
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