What is Economics?
Authored by Robert Hendy
History
12th Grade
Used 12+ times
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something like air, food, or shelter that is necessary for survival
needs
wants
economics
goods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An item that people desire but that is not essential to survival
need
want
economics
goods
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of how people seek to satisfy their needs and wants by making choices
needs
wants
Economics
goods
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A physical object such as clothes or shoes.
Goods
Services
Shortages
Resources
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Actions or activities that one person performs for another
Capital
Shortages
Services
Factors of Production
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limited quantities of resources to meet unlimited wants
Physical Capital
Factor of Production
Macroeconomics
Scarcity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a factor of production?
Land
Labor
Capital
Scarcity
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