
Intro to Econ
Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Emma Malone
Used 15+ times
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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of choices people make with their limited resources to satisfy their wants and needs is called?
Economics
History
Factors of Production
Economic Products
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The condition that results from society not having enough resources to produce all the tings people would like to have is called?
Need
Want
Factors of Production
Scarcity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define need
Something we would like to have, but not necessary for survival
A basic requirement for survival such as food, clothing, and shelter
Having scare resources
Does not matter due to unlimited resources
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define want
Something we would like to have, but not necessary for survival
A basic requirement for survivial
Results in having unlimited resources
Food and shelter are an example
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the 4 Factors of Production?
Land, Labor, Hard work, and Factories
Land, Labor, Capital, Entrepreneurship
Capital, Entrepreneurship, Machines, and Labor
Labor, Capital, Entrepreneurship, and Construction
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define land in economic terms
natural resources not created by people
people with all their efforts, abilities, and skills
tools, equipment and machinery used in the production of goods
The inventor of a product
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define labor in economic terms
natural resources not created by people
people with all their efforts, abilities, and skills
tools, equipment and machinery used in the production of goods
The inventor of a product
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