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Economics Questions - All Grades

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Grade 4 Economics
The way people in a state or country use resources to meet their needs.
  1. Economy
  2. Earth
  3. Environment
  4. People
Grade 10 Economics
What is the only company in the Dow Jones industrial average that was one of its original stocks in 1896?
  1. General Electric
  2. Travelers
  3. JP Morgan Chase
  4. Coca-Cola
Grade 6 Economics
Entrepreneurs are motivated mainly by
  1. a need to be in charge.
  2. the desire for risk.
  3. the hope of making a profit.
  4. the need to repay their loans.
Grade 2 Economics

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

Sending things to another country is called                .
  1. Barter
  2. Trade
  3. Export
  4. Import
Grade 8 Economics
What is the name for a tax paid for the manufacture or sale of certain goods and services?
  1. Excise tax
  2. permanent tax
  3. tariff
  4. government tax
Grade 3 Economics
What might happen if the demand for a new sneaker began to quickly rise?
  1. More sneaker would be made
  2. The price of the sneaker would go up
  3. People would refuse to pay for sneaker
  4. The sneaker price would be lowered
Grade 3 Economics
What are human resources?
  1. the people and ideas needed to produce something
  2. food, shelter, clothing
  3. water, trees, air, sun
Grade 7 Economics
The United States has which type of economy?
  1. market
  2. command
  3. traditional
  4. mixed
Grade 3 Economics
Henry Ford sold more cars at a lower price by doing what?
  1. using cheaper materials
  2. making smaller cars
  3. paying his employees less
  4. using an assembly line
Grade 2 Economics
Labor is                                  .
  1. something someone does for money.
  2. something someone does for fun.
  3. a thing you can touch.
  4. whether the cost is worth it.
Grade 12 Economics
A trade-off is
  1. the extra cost of adding one unit.
  2. the alternatives we give up when we choose one action over another.
  3. a process in which you compare what you will give up and gain from an action.
  4. the money a person makes.
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