Economics Test

Required

1

It’s April in Florida and many people need umbrellas. There are not many umbrellas available in stores. The SUPPLY for umbrellas is __?_.

Required

1

It’s Hurricane season and many people need to purchase batteries in case there is a storm. There are not many AA batteries, but there are plenty of AAA batteries. The DEMAND for AA batteries is _?_.

Required

1

Match the vocabulary to it's definition.

Draggable item		Corresponding Item
Scarcity		When there is not enough of something.
Supply		The amount of a good or service available.
Demand		How much people want the good or service.

Required

1

The school is selling yearbooks, but there is not enough for everyone. This is an example of ?.

Required

1

When an item is wanted by many people, the item is in _?_ demand.

Required

1

When you have few of an item, but many people want it, your item is in high _?__.

Required

1

When you have few of an item, but many people want it, your item is in low _?__.

Required

1

Consumers _?_ goods or services.

Required

1

CHOOSE ALL THAT APPLY. Producers _?_ goods or services.

Required

1

A chef is a ?.

Required

1

A person getting a haircut is a ?.

Required

1

Which is a service?

Required

1

Economics Test

It’s April in Florida and many people need umbrellas. There are not many umbrellas available in stores. The SUPPLY for umbrellas is __?_.

It’s Hurricane season and many people need to purchase batteries in case there is a storm. There are not many AA batteries, but there are plenty of AAA batteries. The DEMAND for AA batteries is _?_.

Match the vocabulary to it's definition.

The school is selling yearbooks, but there is not enough for everyone. This is an example of ?.

When an item is wanted by many people, the item is in _?_ demand.

When you have few of an item, but many people want it, your item is in high _?__.

When you have few of an item, but many people want it, your item is in low _?__.

Consumers _?_ goods or services.

CHOOSE ALL THAT APPLY. Producers _?_ goods or services.

A chef is a ?.

A person getting a haircut is a ?.

Which is a service?

What is a good?

It’s April in Florida and many people need umbrellas. There are not many umbrellas available in stores. The SUPPLY for umbrellas is __?_.

It’s Hurricane season and many people need to purchase batteries in case there is a storm. There are not many AA batteries, but there are plenty of AAA batteries. The DEMAND for AA batteries is _?_.

Match the vocabulary to it's definition.

The school is selling yearbooks, but there is not enough for everyone. This is an example of ?.

When an item is wanted by many people, the item is in _?_ demand.

When you have few of an item, but many people want it, your item is in high _?__.

When you have few of an item, but many people want it, your item is in low _?__.

Consumers _?_ goods or services.

CHOOSE ALL THAT APPLY. Producers _?_ goods or services.

A chef is a ?.

A person getting a haircut is a ?.

Which is a service?

What is a good?

Economics Test

Economics Test

It’s April in Florida and many people need umbrellas. There are not many umbrellas available in stores. The SUPPLY for umbrellas is ______?_____.

It’s Hurricane season and many people need to purchase batteries in case there is a storm. There are not many AA batteries, but there are plenty of AAA batteries. The DEMAND for AA batteries is ___?___.

Match the vocabulary to it's definition.

The school is selling yearbooks, but there is not enough for everyone. This is an example of __?__.

When an item is wanted by many people, the item is in ___?___ demand.

When you have few of an item, but many people want it, your item is in high ___?____.

When you have few of an item, but many people want it, your item is in low ___?____.

Consumers ___?___ goods or services.

CHOOSE ALL THAT APPLY. Producers ___?___ goods or services.

A chef is a __?__.

A person getting a haircut is a __?__.

Which is a service?

What is a good?

It’s April in Florida and many people need umbrellas. There are not many umbrellas available in stores. The SUPPLY for umbrellas is ______?_____.

It’s Hurricane season and many people need to purchase batteries in case there is a storm. There are not many AA batteries, but there are plenty of AAA batteries. The DEMAND for AA batteries is ___?___.

Match the vocabulary to it's definition.

The school is selling yearbooks, but there is not enough for everyone. This is an example of __?__.

When an item is wanted by many people, the item is in ___?___ demand.

When you have few of an item, but many people want it, your item is in high ___?____.

When you have few of an item, but many people want it, your item is in low ___?____.

Consumers ___?___ goods or services.

CHOOSE ALL THAT APPLY. Producers ___?___ goods or services.

A chef is a __?__.

A person getting a haircut is a __?__.

Which is a service?

What is a good?

It’s April in Florida and many people need umbrellas. There are not many umbrellas available in stores. The SUPPLY for umbrellas is __?_.

It’s Hurricane season and many people need to purchase batteries in case there is a storm. There are not many AA batteries, but there are plenty of AAA batteries. The DEMAND for AA batteries is _?_.

The school is selling yearbooks, but there is not enough for everyone. This is an example of ?.

When an item is wanted by many people, the item is in _?_ demand.

When you have few of an item, but many people want it, your item is in high _?__.

When you have few of an item, but many people want it, your item is in low _?__.

Consumers _?_ goods or services.

CHOOSE ALL THAT APPLY. Producers _?_ goods or services.

A chef is a ?.

A person getting a haircut is a ?.

It’s April in Florida and many people need umbrellas. There are not many umbrellas available in stores. The SUPPLY for umbrellas is __?_.

It’s Hurricane season and many people need to purchase batteries in case there is a storm. There are not many AA batteries, but there are plenty of AAA batteries. The DEMAND for AA batteries is _?_.

The school is selling yearbooks, but there is not enough for everyone. This is an example of ?.

When an item is wanted by many people, the item is in _?_ demand.

When you have few of an item, but many people want it, your item is in high _?__.

When you have few of an item, but many people want it, your item is in low _?__.

Consumers _?_ goods or services.

CHOOSE ALL THAT APPLY. Producers _?_ goods or services.

A chef is a ?.

A person getting a haircut is a ?.