Economics Review #1 Quiz

Economics Review #1

Quiz

•

History

•

KG - University

•

Medium

Jacob Tijerina

Used 12+ times

FREE Resource

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When people wait in line on Black Friday to get a 70" TV, this is an example of

scarcity

consumerism

product marketing

consumer responsibility

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the fundamental problem of every society?

labor costs

scarcity

economic interdependence

market fluctuation

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Soil, minerals, air, water, and coal are all examples of

Fossil fules

Conservation

recycling

natural resources

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What term describes the tools and technology used to make a product?

capital goods

human capital

exports

imports

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A person that takes a risk by starting a new business.

human capital

capital goods

entreprenuer

tariff

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

iPhone: Goods or Service?

Goods

Service

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Doctor: Goods or Service?

Goods

Service

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