Economics Echo: Year 7 Quick Quiz

Froggy Jumps

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Basics of work, income, and roles

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Rachael

Australia

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Froggy Jumps Economics Echo: Year 7 Quick QuizOnline version Basics of work, income, and roles by Rachael 1 What is a producer? a A person who finances government projects b A person who only consumes goods c A person or company that creates goods or services 2 Which income type is earned from selling books or songs? a Interest income b Wages or salary c Commission 3 Which best describes an entrepreneur? a A consumer who saves money b Someone who starts a business and takes risks c A government employee 4 What is a consumer’s main role? a Sell goods to businesses b Buy and use goods and services c Provide capital for startups 5 Which type of work is paid by the hour or month? a Employment in a job b Volunteer work c Entrepreneurial venture 6 Which characteristic fits an entrepreneur? a Takes calculated risks b Relies only on others’ ideas c Avoids decision-making 7 What is a producer most focused on? a Saving money b Buying only c Creating products or services 8 What income type comes from the government? a Commissions b Earned wage c Government Benefits 9 What describes a business owner who bears risks for reward? a Entrepreneur b Consumer c Producer 10 Which statement describes a consumer? a Someone who designs products b Someone who hires workers c Someone who purchases and uses goods

Froggy Jumps

Economics Echo: Year 7 Quick QuizOnline version

Basics of work, income, and roles

by Rachael

What is a producer?

A person who finances government projects

A person who only consumes goods

A person or company that creates goods or services

Which income type is earned from selling books or songs?

Interest income

Wages or salary

Commission

Which best describes an entrepreneur?

A consumer who saves money

Someone who starts a business and takes risks

A government employee

What is a consumer’s main role?

Sell goods to businesses

Buy and use goods and services

Provide capital for startups

Which type of work is paid by the hour or month?

Employment in a job

Volunteer work

Entrepreneurial venture

Which characteristic fits an entrepreneur?

Takes calculated risks

Relies only on others’ ideas

Avoids decision-making

What is a producer most focused on?

Saving money

Buying only

Creating products or services

What income type comes from the government?

Commissions

Earned wage

Government Benefits

What describes a business owner who bears risks for reward?

Entrepreneur

Consumer

Producer

Which statement describes a consumer?

Someone who designs products

Someone who hires workers

Someone who purchases and uses goods

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Economics Echo: Year 7 Quick Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Economics Echo: Year 7 Quick QuizOnline version

by Rachael

What is a producer?

Which income type is earned from selling books or songs?

Which best describes an entrepreneur?

What is a consumer’s main role?

Which type of work is paid by the hour or month?

Which characteristic fits an entrepreneur?

What is a producer most focused on?

What income type comes from the government?

What describes a business owner who bears risks for reward?

Which statement describes a consumer?

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