Ch 1 What is Economics? sec. 1 and sec 2 of book

Ch 1 What is Economics? sec. 1 and sec 2 of book

9th - 12th Grade

13 Qs

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Ch 1 What is Economics? sec. 1 and sec 2 of book

Ch 1 What is Economics? sec. 1 and sec 2 of book

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Kathleen McDaniel

Used 15+ times

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13 questions

Show all answers

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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