Scarcity and Factors of production

Quiz
•
Social Studies
•
11th - 12th Grade
•
Medium
Melissa Andrews
Used 36+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The study of how individuals and nations make choices about how to use scarce resources to fulfill their wants describes
an opportunity cost.
entrepreneurship.
economics.
scarcity.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Scarcity of resources is always present because
there will always be natural disasters to affect the production of goods and services.
we live in a world where poverty still exists.
people are not willing to change their unlimited wants.
certain resources will always be limited in their availability.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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