Scarcity

Scarcity

12th Grade

9 Qs

quiz-placeholder

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Scarcity

Scarcity

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Janet Mann

Used 48+ times

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9 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Why can’t you always get what you want? (one word)

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following IS NOT an economic factor of production -

Land

Labor

Capital

Entrepreneurship

Money

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

WANTS > RESOURCES because resources are

unlimited

scarce

experiencing a shortage

expensive

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following would be CAPITAL

a machine

a box of cereal

water

a new risky idea

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would NOT be land

water

minerals

toothpaste

crude oil

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following would be considered a SERVICE. Mark ALL that apply!

teacher

Uber driver

barber

7.

OPEN ENDED QUESTION

3 mins • Ungraded

Why would someone like Beyonce or Ronaldo be MORE scarce than Ms. Mann?

Evaluate responses using AI:

OFF

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is the study of how individuals _________ to allocate (distribute) their scarce resources!

choose

refuse

forget

avoid

9.

MULTIPLE SELECT QUESTION

30 sec • Ungraded

Why is there nothing free in Economics? Choose ALL that apply! :)

If you choose one thing you give up getting something else

There is no such thing as a free lunch

something appearing to be free will always have some hidden or implicit cost to someone,