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Economics
Test Description: Review of Economics Unit
Instructions: Answer all questions to get your test result.
1) What are Goods?
A
Trade
B
Things you pay others to do
C
Things you buy
D
Money
2) What are Services?
A
rocks
B
Things you buy
C
Things you pay people to do
3) What is NOT an example of a good?
A
Xbox
B
clothes
C
cutting hair
D
toys
4) Which is NOT an example of a service?
A
mail man
B
waitress
C
food
D
plumber
5) What does a producer do?
A
Makes things
B
Buys things
C
Eat's food
D
Get's money
6) What is something consumers do?
A
Builds a fence
B
Makes pizza
C
Eat pizza
D
Babysits
7) What is bartering?
A
Paying for needs and wants
B
Trading to get needs and wats
C
Making what you need and want
D
Taking what you need and want
8) How do most people get what they need today?
A
Barter
B
Paying with money
C
Get everything for free
9) What is NOT a need?
A
Shelter
B
Candy
C
Food
D
Shorts
10) How do people decide what things they buy?
A
They choose what they need the most.
B
They choose what is the cheapest.
C
They choose what is the coolest.
D
The choose what is the most fun.
*select an answer for all questions
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