
Economics Unit 1 Quiz
Authored by Alan Green
Social Studies
10th - 12th Grade
Used 28+ times

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27 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The definition of Scarcity is...
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Land includes...
The "gifts of nature" or natural resources not created by human effort.
the tools, equipment, and factories used in production of goods and services
people with all their efforts and abilities
individuals who start a new business or bring a product to market.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Capital refers to...
The "gifts of nature" or natural resources not created by human effort.
people with all their efforts and abilities
the tools, equipment, and factories used in production of goods and services
individuals who start a new business or bring a product to market.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Entrepreneurs are...
people with all their efforts and abilities
individuals who start a new business or bring a product to market.
The "gifts of nature" or natural resources not created by human effort.
the tools, equipment, and factories used in production of goods and services
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A herd of cattle is an example of ...
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A bulldozer is an example of...
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Your Mail lady is an example of...
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