Economics - 1a
Authored by Ryanne Phillips
12th Grade
Used 20+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
study of how a society satisfies unlimited wants with limited resources
economics
consumer
producers
resource
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the people who decide to buy things
consumer
producer
scarcity
services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
people who make things to satisfy consumers' needs and wants
consumer
producers
allocate
boss
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
physical (tangible) items that can be purchased
goods
services
scarcity
opportunity cost
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
actions or activities that can be performed for a service (intangible)
goods
services
scarcity
productiity
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
anything people use to make or obtain what they need or want
goods
services
resource
factors of production
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT a factor of production
land
labor
capital
money
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