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Economics Part 1-2

Authored by Amber Bedwell

Life Skills

10th - 12th Grade

Used 3+ times

Economics Part 1-2
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following accurately describes microeconomics?

The study of economies as a whole; the “big picture”

The use of goods and services to fulfill wants and needs

The study of individual economic units

The use of economic patterns to predict future economic conditions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Food is an example of which of the following?

A tangible want

A tangible need

An intangible want

An intangible need

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Landscaping services are an example of which of the following?

A tangible want

A tangible need

An intangible want

An intangible need

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of economic resource?

Manufactured resources

Natural resources

Human resources

Financial resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the three questions related to production?

What?

When?

Who?

How?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Land is synonymous with which type of economic resources?

Manufactured resources

Natural resources

Human resources

Financial resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a nonrenewable land resource?

oil

lumber

vegetables

water

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