ECON:  UNIT 1 TEST REVIEW (2018)

ECON: UNIT 1 TEST REVIEW (2018)

10th - 12th Grade

27 Qs

quiz-placeholder

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ECON:  UNIT 1 TEST REVIEW (2018)

ECON: UNIT 1 TEST REVIEW (2018)

Assessment

Quiz

Social Studies

10th - 12th Grade

Medium

Used 320+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The definition of Scarcity is...
An unlimited amount of resources to meet limited wants and needs
A limited amount of resources to meet unlimited wants and needs.
When people use time and energy to create events
a city where individuals commit themselves to unlimited wants and needs

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of these is NOT a way we deal with Scarcity?
Creating more resources
Doing without something
Making better use of our resources
Expanding time

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

True or False: Most resources can be used for only one thing at a time.
True 
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____________ are the products made in an economy. 
Goods
Services
Consumption

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______________________ are provided to you by a company. 
Consumption
Goods
Services

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A garbage truck driver is an example of which Factor of Production?
labor
land
entrepreneurship
capital

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Iron, minerals, coal and plants are examples of which productive resource?
land
labor
entrepreneurship
capital

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