Economics Review Game
Quiz by Christie Briley
Feel free to use or edit a copy
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- Q1
What is economics?
It's how people spend money and make money.
It's about books.
It's about science.
300s - Q2
Something that is scarce is in low supply.
truefalseTrue or False300s - Q3
An item that is in high demand but is in low supply may be
A normal price
A lower price
A higher price
300s - Q4
Something that is in high demand may be scarce.
truefalseTrue or False300s - Q5
Vocabulary: Many people wanting a certain item at the same time.
Supply
Loan
Demand
Scarce
300s - Q6
When the supply of a product decreases, the price goes up.
truefalseTrue or False300s - Q7
A bank is where you store money.
truefalseTrue or False300s - Q8
Interest is money the bank gives you that you have to pay back.
falsetrueTrue or False300s - Q9
Does consumer choice influence economics (supply and demand)?
truefalseTrue or False300s - Q10
A store has workers restocking shelves and helping customers. What is this called?
Producers
Consumers
Division of labor
Demand
300s - Q11
Someone who specializes does
Does a little bit of everything not very well
one task or skill really, really well
300s - Q12
What is choice?
When you pick between two or more products.
A item that is scarce.
Something that people are fighting over.
300s - Q13
I am a teacher who teaches ONLY teaches Social Studies. Does that mean I specialize in Social Studies?
truefalseTrue or False300s - Q14
Pepperidge Farms makes Goldfish crackers. They are
producers
consumers
300s - Q15
Our lemonade stand produced what product?
lemonade
ice cream
cookies
Oreos
300s