Econ: Chapter 1 Review
Authored by Derrick Mulder
Other
9th - 12th Grade
Used 6+ times
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23 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
People have
limited wants and needs
unlimited wants and needs
2.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Resources can include, but are not limited to
money
time
labor
water
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Resources are
limited
unlimited
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Because resources are limited, we have a condition called
utility
paradox of value
scarcity
wealth
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Because of scarcity, we're forced to carefully make
change
options
choices
doughnuts
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The difference between needs and wants can be summed up in one word:
survival
morals
7.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Goods are products that are
tangible
durable
intangible
non-durable
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