Chapter 18 What is Economics

Chapter 18 What is Economics

5th - 8th Grade

42 Qs

quiz-placeholder

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Chapter 18 What is Economics

Chapter 18 What is Economics

Assessment

Quiz

Social Studies

5th - 8th Grade

Easy

Created by

Wendy Greene

Used 1+ times

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42 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. What are things like food, clothing, and shelter called?

economics

needs

scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. What are things like entertainment, vacations, and other items that make life more comfortable and enjoyable called?

Economics

Scarcity

Wants

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. What occurs when we do not have enough resources to produce all of the things we would like to have?

Needs

Scarcity

Wants

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. What question in regarding using our resources asks us to choose between improving our roads or more money for schools?

For Whom to Produce

What to Produce

How to Produce

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. What question regarding using our resources asks if we should allow businesses to pollute?

For Whom to Produce

How to Produce

What to Produce

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. What question regarding using our resources asks how the goods and services will be distributed, who will be able to afford the new car?

For Whom to Produce

How to Produce

What to Produce

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. What do economists use to predict what will happen if something in the economy should change?

Economic freedom

Economic inequality

Economic models

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