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Economics & Commerce — Grade 9 Quiz Questions
A sample of the 10 questions below — instant scoring and an explanation for every answer. No sign-in required to play.
Question 1
What term describes borrowed money that must be repaid, usually with interest?
AEquity
BCredit
CCurrency
DCollateral
Question 2
What economic term describes the basic problem that human wants exceed the resources available to satisfy them?
AScarcity
BSurplus
CEquilibrium
DInflation
Question 3
Which factor of production refers to human effort, physical and mental, used to produce goods and services?
ALand
BCapital
CLabor
DEntrepreneurship
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