Year 10 Economics: Week 1/2 Quiz

Year 10 Economics: Week 1/2 Quiz

9th - 10th Grade

10 Qs

quiz-placeholder

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Year 10 Economics: Week 1/2 Quiz

Year 10 Economics: Week 1/2 Quiz

Assessment

Quiz

Social Studies

9th - 10th Grade

Medium

Created by

James LAWRENCE

Used 59+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does scarcity exist?

Each year workers tend to produce less than previously 
Machines wear out in time
There are not sufficient resources to meet everyone's wants
There is a limit to people's wants 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why will scarcity continue to be a problem in the future?

Prices will rise
Resources will always be finite 
Needs will decrease in the future 
World population will fall 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The basic economic questions that every society must address include:

what, how, and for whom

where, when and why

which, why and what

what, where, and for whom

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you make the (incredibly wise) decision to attend Economics class, which economic question are you answering?

What?

How?

For whom?

Why do we exist? What does it mean to be alive?

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How do you satisfy your unlimited wants in a world of limited resources?

by making more money
by making choices
by stealing
by setting a budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A place where buyers and sellers meet to exchange goods and services for money is called...

Market

Factor of production

Money

Interdependent

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a need?

clothes
car
job
smart phone

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