Chapter 1 Economic Decisions
9th - 12th Grade
•26 Qs
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Chapter 1 Economic Decisions
Quiz
•
Business
•
9th - 12th Grade
•
Hard
Terry Wheeler
FREE Resource
Enhance your content in a minute
26 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Process of choosing which needs and wants will be satisfied
wants
needs
economic decision making
economic resources
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Things available to be used to produce goods and services
goods
market price
demand
economic resources
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Things that are required in order to live
needs
wants
chocolate
luxuries
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Not having enough resources to satisfy every need
needs
wants
Basic Economic Problem (scarcity)
luxuries
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Products created by businesses that you can physically touch and see.
Wages
Goods
Profit
Services
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Work that businesses perform for consumers
Product
Want
Services
Goods
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A product that is desired but can be lived without.
Goods
Need
Profit
Services
Want
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