Economics Pre-test

Economics Pre-test

10th Grade

10 Qs

quiz-placeholder

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Economics Pre-test

Economics Pre-test

Assessment

Quiz

Other

10th Grade

Medium

Created by

Koray Tuncer

Used 15+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A 'need' is defined as:

something which we desire, but is not necessary for our survival

something you want to buy

something that is required for our survival

something you want to sell

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A 'want' is defined as:

something which we desire, but is not necessary for our survival

something that we need to buy

is something that is required for our survival.

something that we need to sell

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Tick the following options which represent a 'need'

Water

Playstation 4

Food

Shelter

Television

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term 'scarcity' in economics refers to:

Having everything you need and want

Having an unlimited amount of resources (money)

Having too many resources in your home

Having unlimited needs and wants but only limited resources (money) to meet them

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

People who purchase goods in order to satisfy their wants and needs are known as ____________ (starts with the letter C):

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Opportunity cost represents:

the gain from other alternatives when one alternative is chosen

the loss from other alternatives when one alternative is chosen

the feeling of regret when you miss an opportunity

the feeling of shame when you miss an opportunity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Natural resources refer to:

Raw materials supplied from the Earth, sea or air

Human skills, both physical and mental used to produce goods

Human made objects which help in producing other products

Currency

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