What is Economics?

What is Economics?

12th Grade

19 Qs

quiz-placeholder

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What is Economics?

What is Economics?

Assessment

Quiz

History

12th Grade

Easy

Created by

Robert Hendy

Used 12+ times

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19 questions

Show all answers

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

Media Image

An item that people desire but that is not essential to survival

need
want
economics
goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

Media Image

A physical object such as clothes or shoes.

Goods
Services
Shortages
Resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Actions or activities that one person performs for another

Capital
Shortages
Services
Factors of Production

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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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