
1.1 Scarcity
Authored by Travis Miller
Social Studies
11th - 12th Grade
Used 11+ times

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the most fundamental issue that economics addresses?
Choice of appropriate technology
Reduction of unemployment
Reduction of budget deficit
Promotion of privatization
Use of scarce resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a situation in which there are not enough resources to satisfy human wants
scarcity
goods
services
consumer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
desires that can be satisfied by consuming a good or a service
wants
needs
scarcity
economics
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
things that are necessary for survival
wants
needs
scarcity
economics
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the study of how individuals and societies satisfy their unlimited wants with limited resources
wants
needs
scarcity
economics
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
all of the human effort used to produce goods and services
factors of production
land
labor
capital
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
all of the resources made and used by people to produce other goods and services
factors of production
land
labor
capital
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