Unit 1 The Economy and You

Unit 1 The Economy and You

10th - 12th Grade

•

45 Qs

quiz-placeholder

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Unit 1 The Economy and You

Unit 1 The Economy and You

Assessment

Quiz

•

Business

•

10th - 12th Grade

•

Medium

Used 14+ times

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45 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What drives the economy?

goods and services

wants and needs

resources

consumers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT true of public wants?

They are widely shared by many.

Government satisfies public wants.

They are often considered private.

Examples include highways and parks.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a name for items people can use to make or obtain what they need or want?

resources

goods

swervices

products

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is true of resources?

Resources are unlimited

Businesses and government lack resources.

Insurance and tourism are examples of resources.

Resources are limited.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do before making a decision?

Determine the pros and cons of alternatives.

Satisfy your wants and needs.

Think of another decision you have made.

Make the best use of limited resources.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which question would best help you evaluate a decision after you put it into effect?

What resources are available to me?

What are my needs and wants?

Would I make the same choice again?

What is the problem and what are my options?

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is true of both personal and business decisions?

They should be made independently.

They should be made without regard for consequences.

They should consume the most resources available.

The should be consistent with values and goals.

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