
Ch 1 What is Economics? sec. 1 and sec 2 of book
Authored by Kathleen McDaniel
Social Studies
9th - 12th Grade
Used 15+ times

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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are things that are considered essential for survival
wants
needs
human capital
scarcity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is this a true or false statement according to economists? "I need a vacation."
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is the study of how people seek to satisfy their needs and wants by making choices
scarcity
economics
shortage
command economy
4.
OPEN ENDED QUESTION
3 mins • Ungraded
What is an example of a service?
Evaluate responses using AI:
OFF
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This term "always exists" so therefore we need to make choices.
shortage
scarcity
labor
needs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or false: Scarcity means the same thing as shortage.
True
False
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are considered factors of production? Check all correct responses.
land
labor
human capital
physical capital
entrepreneur
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