Year 10 Economics Mega Quiz
Authored by Shaun Thorpe
Social Studies
9th - 11th Grade
Used 15+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Economics, 'resources' are considered to be...
Unlimited
Limtied
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Economics, 'wants' are considered to be...
Unlimited
Limtied
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is a 'need'?
Holiday
Entertainment
iphone
Food
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is a 'want'?
Safety
Education
Dessert
Shelter
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A 'need' is something that...
is desired
is essential
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 'Economic Problem' states that...
people have unlimited reources to satisify unlimited wants
people have limited reources to satisify unlimited wants
people have unlimited reources to satisify limited needs
people have unlimited reources to satisify limited wants
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Economics, the concept of 'Scarcity' means..
prices increase when demand increases
resoruces are limtied
prices increase when supply increases
opportuntiy cost
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