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Get the Goods on Goods and Services Review

Authored by Misty Rather

Business

9th - 12th Grade

20 Questions

Used 33+ times

Get the Goods on Goods and Services Review
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A characteristic of human wants is that they are

limited.

unchanging.

unlimited.

consistent.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of an economic want:

clothing

fresh air

understanding

conversation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a noneconomic want would be the desire for

police protection.

a college education.

a friend.

concert tickets.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic good or service that is scarce is one that is

a limited supply.

not made in America.

readily available.

not test-marketed.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a good or service is scarce, consumers will usually be

uninterested in owning it.

able to get as much of it as they want.

unwilling to buy it.

willing to pay money to get it.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of economic services:

Useful

Tangible

Non-transferable

Freely available to everyone

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

“Economic votes” are cast by consumers each time they

make a purchase.

visit a business.

respond to a survey.

participate in market research.

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