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PBMF Chapter 1 Review

Authored by Greg Batiste

Business

9th - 12th Grade

Used 61+ times

PBMF Chapter 1 Review
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39 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Your needs and wants are unlimited

True

False

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Things that are required in order to live are wants

True

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Examples of this include name-brand jeans, latest smartphone upgrade and a luxury sports car

needs

services

goods

wants

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Things that you can see and touch

needs

services

goods

wants

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Activities provided for the satisfaction of others that are consumed at the same time they are produced and are intangible

needs

services

goods

wants

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Farmers, factory workers, salespeople, truck drivers and engineers are all known as what kind of resource?

Natural resources

Economic Resources

Capital resources

Human resources

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This resource would include oil, coal, minerals, rivers, and air

Natural resources

Economic Resources

Capital resources

Human resources

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