Year 8 Economics Weeks 1 - 4
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•20 Qs
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Year 8 Economics Weeks 1 - 4
Quiz
•
Social Studies
•
8th - 10th Grade
•
Practice Problem
•
Medium
Rebecca Farlie
Used 993+ times
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20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a want?
iPhone
Swimming pool
Water
Laptop
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a need?
Water
Food
Shelter
Hair dye
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
is the study of how limited resources are used to satisfy limited wants.
Microeconomics
Macroeconomics
History
Economics
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the basic problem of economics?
Not enough money
Scarcity
Being in debt
Unemployment rising
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a factor of production?
Money
Labour
Capital
Entrerprise
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a type of economic system?
Mixed
Market
Command
Supermarket
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A hammer is an example of which factor of production?
Capital
Labour
Enterprise
Land
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