Economics
Quiz by Allison Baker
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15 questions
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- Q1What is the study of how people make, distribute, and use goods and services called?EconomicsMathHistoryScience30s
- Q2What do we call the items that people want and need, such as food, clothing, and toys?MoneyGoodsJobsServices30s
- Q3What do we call the money a person makes from working?IncomeExpensesSavingsDebt30s
- Q4What is the term for the money that is paid for the use of someone else's money?TaxesInterestRentSalary30s
- Q5What do we call the money, goods, or services that are given in exchange for something else?TradeBarterDonationLoan30s
- Q6What is the term for the shortage of a good or service that may result in higher prices?ScarcitySurplusDemandAbundance30s
- Q7What is the term for a place where goods are bought and sold?HospitalParkSchoolMarket30s
- Q8What do we call the money that people earn from their jobs?TaxIncomeSavingsBudget30s
- Q9What do we call the things that people buy and use to satisfy their wants and needs?CreditServicesMoneyGoods30s
- Q10What do we call the study of how people make choices about how to use resources?HistoryEconomicsScienceGeography30s
- Q11What is the term used for the money people pay to the government in order to support public services?SalaryLoanTaxRent30s
- Q12What do we call the act of using resources to create goods and services that can be used or sold?ConsumptionProductionExchangeDistribution30s
- Q13What is the term for the act of saving money for future use?SavingBorrowingSpendingInvesting30s
- Q14What is the term for a situation in which a person does not have enough resources to fulfill their unlimited wants?WasteLuxuryScarcityAbundance30s
- Q15What do we call the amount of money that is paid to use someone else's money for a period of time?DividendWageInterestRent30s