Year 8 Economics WEEK 1 Revision

Year 8 Economics WEEK 1 Revision

8th Grade

12 Qs

quiz-placeholder

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Year 8 Economics WEEK 1 Revision

Year 8 Economics WEEK 1 Revision

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Medium

Created by

Vanessa Baxter

Used 27+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a consumer?

businesses involved in the production of goods and services

a person who purchases goods and services for personal use

The owner of the business

a person who provides rights to workers

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a producer?

A person who represents a household

A shortage in goods and services

Someone who works in the stock market

Businesses involved in the production of goods and services

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Define Human Resources

Another term for a shortage in a good or service

SLAVES!!!

A resource which comes from the natural environment

human knowledge and skills used to benefit a business

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is an example of a need?

food

clothing

shelter

all of the above

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is an example of a want?

Porsche

school uniform

milk

bread

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is an example of a renewable resource?

water

coal

oil

all of the above

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does distribution mean?

businesses use to purchase capital items

the action of buying goods and services

using transport to move goods and services from producers to markets

all answers are correct

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