Unit 1 Introduction to Economics Test
Authored by Quartell Roberson
Social Studies
11th - 12th Grade
Used 361+ times
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55 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A need is ____________.
a physical object
something that is necessary for survival
an item we want
an item we desire but that is not essential for survival
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A want is _________________.
a physical object
something that is necessary for survival
an item we want
an item we desire but that is not essential for survival
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
According to economist a good is
a physical object
an item we need or want
an item we desire but that is not essential for survival
an action or activity that one person performs for another
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
According to economist service is _______________.
a physical object
something that is necessary for survival
an item we desire but that is not essential for survival
an action or activity that one person performs for someone else
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of these examples is a service?
Mr. Farr sells guitars.
Mr. Swenson gives art supplies to consumers.
Coach provides lessons for different sports.
Ms. Miller writes books.
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Economics is the study of how people make choices about ways to use _______________ resources to fulfill their unlimited wants and needs.
Limited
Unlimited
Natural
Man-made
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Scarcity is known as the __________________.
limited amount of resources to meet the unlimited wants
unlimited amount of resources to meet the limited wants
limited amount of resources to meet the limited wants
unlimited amount of resources to meet the unlimited wants
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