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5,243 hits 2.5 (2 votes) Share Favorite | Flag 3 years ago by hippoforsara

How much do you know about economics? Quiz 1
Are you an economics expert? Please comment your results if want to, and feel free to post suggestions.
trivia quiz


1Lisa starts a lemonade stand. Supplies cost $10.00 She makes $25.00 Did Lisa have a profit or a loss?
 
Profit
Loss
 
2What is Lisa's income made from the lemonade stand?
 
$10.00
$15.00
$25.00
 
3John decides to sell hot cocoa. The supplies cost $10.00. He makes $8.00. Did John have a profit or a loss?
 
Loss
Profit
 
4How much income did John get selling hot cocoa? Beware of distractors.
 
$0.00
$8.00
$10.00
 
5What is the word that means how much the people want?
 
Orders
Wants
Demand
 
6What is the word that means that businesses have less than the people want?
 
Lows
Scarcity
 
7What is the word that means that stores have more than the people want?
 
Surplus
Overload
Too much
 
8What is the word for items in economics?
 
items
stock
products
 
9Do you even know what economics is? BE HONEST OR NOT ACCURATE! Also, on the next quiz there will be a definition question!
 
Yes
No
 



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