Intro to Economics

Intro to Economics

9th - 12th Grade

•

35 Qs

quiz-placeholder

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Intro to Economics

Intro to Economics

Assessment

Quiz

•

Business

•

9th - 12th Grade

•

Medium

Created by

Heather TisonNichols

Used 2+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the wealth and resources of a country or region especially in terms of the production of goods and services.

Goods

Services

Economy

Resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All things used in producing goods and services.

Economy

Services

Resources

Scarcity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are materials that satisfy human wants and and provide utility.

Services

Resources

Goods

Scarcity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a transaction in which no physical goods are transferred from the seller to the buyer.

Services

Resources

Goods

Scarcity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is all things used in producing goods and services.

Services

Resources

Goods

Scarcity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Resources are categorized into these.

Services

Factors of Production

Goods

Scarcity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is everything the Earth has to offer in its natural state.

Land

Labor

Captial

Entrepreneurship

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Google

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Email

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Classlink

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Microsoft

Microsoft

Apple

Apple

Others

Others

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