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Ninth Grade (Grade 9) Economics Questions

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Grade 9 Economics
Competition usually will                  .
  1. increase supply
  2. decrease supply
  3. not affect supply
  4. not affect demand
Grade 9 Economics
The problem of scarcity is caused by                                        .
  1. unlimited wants and limited resources.
  2. limited wants and unlimited resources.
  3. unlimited wants and unlimited resources.
  4. limited wants and limited resources.
Grade 9 Economics
Compared with their counterparts in developed countries, individuals in developing nations typically have a
  1. higher standard of living
  2. larger ecological footprint
  3. shorter life span
  4. greater dependence on fossil fuels
Grade 9 Economics
The basic support system needed to keep a country, city economy going is called?
  1. Latitude
  2. infrastructure
  3. climate
  4. urbanization
Grade 9 Economics
               provide(s) capital to buy new equipment.
  1. Losses
  2. Revenue
  3. Overhead
  4. Profits
Grade 9 Economics
What is the study of how individuals and societies satisfy their unlimited wants with limited resources?
  1. Factors of Production
  2. Economics
  3. Entrepreneurship
  4. Labor
Grade 9 Economics
The communication between buyers and sellers is called                            .
  1. the free enterprise system
  2. the price system
  3. a market failure
  4. public good
Grade 9 Economics
                     is a measure of how responsive producers are to price changes in the marketplace.
  1. Elasticity of Demand
  2. Elasticity of Supply
  3. Market Equilibrium
  4. Shortage
Grade 9 Economics
A centrally planned economy is a
  1. Traditional Economy
  2. Market Economy
  3. Command Economy
Grade 9 Economics
The first step in making a personal budget is to figure out                           .
  1. where you can make changes
  2. how much money you make
  3. future expenses
  4. how you spend your money
Grade 9 Economics
Saving money is a good idea because it helps                                     .
  1. you realize long-term spending goals
  2. banks make more loans to people
  3. credit card companies issue credit
  4. the government make investments
Grade 9 Economics

This question is a part of a group with common instructions. View group »

Countries often establish taxes on imports and exports, also known as                .
  1. infrastructure
  2. trade deficit
  3. census
  4. tariff
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