Intro to Econ
Authored by David Mathers
Social Studies
12th Grade
Used 11+ times
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9 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are examples of needs
I-Phone
Food
Work
Crunchwrap Supreme
Shelter
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The condition that results from society not having enough resources for both wants and needs
Economics
There Is No Such Thing As A Free Lunch
Scarcity
Opportunity Costs
3.
OPEN ENDED QUESTION
2 mins • Ungraded
Explain the economic concept of "There is No Such Thing As a Free Lunch"
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4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Because we live in a society of scarce resources, what are the three basic questions surrounding production?
What to produce
How fast to produce
How expensive to produce
How to produce
For whom to produce
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are examples of wants
Shelter
Pizza
Vans shoes
Clothing
Food
6.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
This social science is the study of how people try to satisfy what appears to be seemingly unlimited and competing wants, through the careful use of relatively scarce resources.
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
This is the first of the three basic questions of production. Since a society cannot have everything that people wants, it must decide....
How expensive to produce
How to produce
Whom to produce
What to produce
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