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