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Ch 2 BE Quizizz

Authored by Andrea Richardson

Professional Development

9th Grade

Used 11+ times

Ch 2 BE Quizizz
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Resources are the things necessary for making only what people need.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every type of business needs labor resources to produce goods and provide services.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurial resources are different from labor resources.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every society has enough productive resources to produce everything people want and need.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Two basic types of economic systems are a market economy and a demand economy.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A shortage of resources is called

reduction.

threat.

scarcity.

limitation.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity occurs when

demand exceeds supply.

distribution breaks down.

conservation is at an all-time high.

consumers' needs exceed wants.

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