Economics Unit 1

Economics Unit 1

12th Grade

25 Qs

quiz-placeholder

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Economics Unit 1

Economics Unit 1

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

Seth Busby

Used 2+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To sum up the study of economics, you could say it's all about making ________________.

Money

Choices

Products

Opportunities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term refers to the condition of not having enough resources to satisfy wants?

scarcity

opportunity cost

limitation

economics

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ are limited, but ____________ are unlimited

Wants, resources

Needs, resources

Resources, wants

Resources, needs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a good?

Haircut

Uber ride

Car repair

Bicycle

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a service?

Book

Pizza delivery

Pizza

Desk

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following terms is a physical object that can be purchased?

Good

Service

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following refers to work one person does for another person?

Good

Service

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