Economic Terms
Quiz
•
Business
•
10th - 12th Grade
•
Practice Problem
•
Medium
Sanele Ngema
Used 11+ times
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36 questions
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1.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
________ exists because we have insufficient resources to satisfy our needs and wants.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______ scarcity exists when it is not possible to produce more of something.
relative
absolute
productive
circular
3.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
________ ___________ is the cost of the best alternative you give up when you make a choice. (two word answer)
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The _____ sector has to do with the extraction of natural resources.
primary
secondary
tertiary
economic
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The ______ sector is where manufacturing and construction takes place.
primary
secondary
tertiary
quantum
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The _____ sector is where the delivery of services takes place and the good or service reaches the final consumer.
tertiary
delivery
performance
allocation
7.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
The _______ _________ is where the factors of production are bought and sold.
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