Economics Question Preview (ID: 55872)


Review Of Economics Unit. TEACHERS: click here for quick copy question ID numbers.

What is NOT a need?
a) Food
b) Shelter
c) Candy
d) Shorts

How do most people get what they need today?
a) Barter
b) Paying with money
c) Get everything for free
d)

What is bartering?
a) Paying for needs and wants
b) Making what you need and want
c) Taking what you need and want
d) Trading to get needs and wats

What is something consumers do?
a) Makes pizza
b) Builds a fence
c) Eat pizza
d) Babysits

What does a producer do?
a) Makes things
b) Buys things
c) Get's money
d) Eat's food

What is NOT an example of a good?
a) Xbox
b) cutting hair
c) toys
d) clothes

Which is NOT an example of a service?
a) waitress
b) plumber
c) mail man
d) food

What are Services?
a) Things you buy
b) rocks
c) Things you pay people to do
d)

What are Goods?
a) Things you pay others to do
b) Things you buy
c) Money
d) Trade

How do people decide what things they buy?
a) They choose what is the cheapest.
b) They choose what they need the most.
c) The choose what is the most fun.
d) They choose what is the coolest.

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