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Economics Mini-Quiz #2

Authored by Chris Carr

Geography

9th Grade

CCSS covered

Used 7+ times

Economics Mini-Quiz #2
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What do economists mean by the term "scarcity"?

Having too few or too little of resources

Having too many resources

Having just enough resources

Having the correct amount of resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which choice best describes the economic problem of scarcity in the world?

People have limited wants there is an unlimited amount of resources.

People have unlimited wants but there is a limited amount of resources

People have no wants so resources don't matter

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These productive resources are raw materials that come from nature or the earth that people use to make goods.

Natural Resources

Human Resources

Capital Resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which type of economy allows the government to determine what to produce, how to produce it, and who gets it?

Command Economy

Market Economy

Traditional Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which type of economy allows people to freely decide what to produce and how to produce it and people get or buy what they can afford?

Command Economy

Market Economy

Traditional Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A country has a surplus of rich farmland, water sources, and capital resources such as tractors.In what industry should this country specialize?

Agriculture and Farming

Mining

Technology

Manufacturing

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

goods made to use in the production of other goods

capital resouces

demand

taxes

export

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