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Year 8 Economics Weeks 1 - 4

Authored by Rebecca Farlie

Social Studies

8th - 10th Grade

20 Questions

Used 993+ times

Year 8 Economics Weeks 1 - 4
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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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Microsoft

Microsoft

Apple

Apple

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