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15
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Why do businesses compete with each other?
To make their products worse
To get more customers and increase profits
To avoid selling anything
To lose money on purpose
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15
×
Why do people specialize in different jobs?
To become more skilled and efficient at one type of work
Because they don’t like trying new things
To be able to do every job at once
So they don’t have to work with others
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15
×
What happens when people save money instead of spending it?
They lose all their money
Businesses stop selling goods
They can’t buy anything ever again
They have money for emergencies or future purposes
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eraser
Reset score!
Oops!
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star
Double points!
Okay!
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fairy
Take points!
5
10
15
20
25
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banana
Go to last place!
Oops!
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boom
Lose 50 points!
Oops!
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fairy
Take points!
5
10
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25
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fairy
Take points!
5
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20
25
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baam
Lose 20 points!
Oops!
15
×
How do price incentives affect people’s choices?
Prices don’t influence anyone’s decisions
People only buy things that are expensive
Businesses never change their prices
People are more likely to buy something if it’s on sale
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×
boom
Lose 50 points!
Oops!
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star
Double points!
Okay!
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rocket
Go to first place!
Okay!
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banana
Go to last place!
Oops!
15
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What is an entrepreneur?
Someone who works for a large company
Someone who only buys products but never sells them
A worker who does not take risks
A person who starts and runs a business
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15
×
Which is not a productive resource?
Scarcity
Capital
Natural
Human
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15
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What is the purpose of taxes?
To stop people from spending money
To pay only for businesses to make more money
To give people free money
To provide public goods and services like schools and roads
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15
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What is the role of a consumer in the economy?
To collect money without spending it
To produce and sell goods
To buy and use goods and services
To make laws about money
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thief
Give points!
5
10
15
20
25
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star
Double points!
Okay!
×
shark
Other team loses 20 points!
Okay!
×
thief
Give points!
5
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20
25
15
×
What is opportunity cost?
The price of goods in a store
The next best thing you give up when you make a choice
The cost of a lost opportunity
The total amount of money in a budget
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15
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What is interdependence in economics?
People and businesses depend on each other.
Buying and selling the same product
People working only for themselves
People and businesses rely on each other.
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15
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How do entrepreneurs make a profit?
By giving everything away for free
By spending more than they earn
By selling goods and services for more than they cost to pro
By saving all their money in a bank
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15
×
Which of the following is a public good or service?
A fire department
A grocery store
A restaurant
A shopping mall
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