INTRODUCTION TO ECONOMICS 2

INTRODUCTION TO ECONOMICS 2

12th Grade

28 Qs

quiz-placeholder

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INTRODUCTION TO ECONOMICS 2

INTRODUCTION TO ECONOMICS 2

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Steven Farmer

Used 7+ times

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Products produced for personal consumption:

consumer goods and services

equipment.

goods.

installations.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capital goods used in the operation of a business but not used in the actual production of a good or service:

equipment.

goods.

materials.

non-economic want.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tangible objects that can be manufactured or produced for resale:

goods.

services.

wants.

needs.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Industrial goods that become part of the finished product after they have been processed:

materials.

goods.

parts.

impulse items.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The people who make or provide goods and services:

producers.

consumers.

shoppers.

purchasers.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Intangible activities that are performed by other people for money; productive acts that satisfy economic wants:

services.

wants.

needs.

staple item.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capable of being touched, smelled, tasted, seen, or heard:

tangible.

supplies.

staple item.

want.

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