Social 9: Ch6: Economic systems
Quiz
•
Social Studies
•
9th - 12th Grade
•
Easy
Angela McPeake
Used 108+ times
FREE Resource
23 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What causes scarcity?
limited wants/needs and limited resources
high demand/ / cost decrease
Unlimited wants/needs and limited resources
little demand / cost increase
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Are land, labour, and capital unlimited resources?
Yes
No
Some are
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which resource is this: All the materials found in the natural environment needed to produce goods and services, such as water, trees oil.
labour
capital
land
none of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which resource is this: physical and mental effort needed to produce goods and services (example: agriculture workers to produce food) ?
land
capital
labour
none of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which resource is this: the money that people use to invest and make more money?
capital
labour
land
none of the above
6.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
______________is about producing things people want. It involves producers.
7.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
_______________is about what people want. It involves consumers.
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