Economics
Business
9th - 12th Grade
Used 26+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The science (study) that deals with the production, distribution, and consumption of goods and services
Economics
Opportunity Cost
Supply
Demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You want to go to a football game and a concert. You only have money to do one. The value of the option given up is called
Economics
Opportunity Cost
Supply
Demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buyers and users of goods and services are called producers
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following are examples of needs EXCEPT
Food
Water
iPhone
Shelter
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nonhuman resources are more efficient than human resources
True
False
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Select the 4 factors of product
Land (Natural)
Labor
Capital
Entrepreneurial
Economics
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lack of resources is called...
Scarcity
Supply
Demand
Equilibrium
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