
Biztown
Authored by Zachery Decker
History
6th Grade
Used 573+ times

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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bobby's mother gives him an allowance of $10.00 a week if he does chores. Last weekend, he had to choose between mowing his lawn or playing a video game. He chose to play the video game. What is his opportunity cost?
Making his parents mad for not mowing the lawn
Earning money for doing labor
Choosing between the two opportunities
Doing what he wanted to do more
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the basic economic problem that all societies must deal with?
Profit
Abundance
Taxes
Scarcity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are diamonds more valuable than coal?
They are less scarce
They are in higher demand
They are easy to find
They are more scarce
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which three of the following are economic questions a society must answer to solve scarcity?
"What products should be made?"
"Who gets to own the products"?
"How should the products be made?"
"Who should run the government?"
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which are the factors of production used as inputs when making products?
Land (Natural Resources)
Tools (Capital Resources)
Entrepreneurs
Labor (Human Resources)
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which two of the following are examples of Natural Resources?
Gold
A sledgehammer
Oil
A teacher
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which two of the following are examples of Human Resources?
A factory worker
A store owner
A business CEO
A teacher
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