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Economics Test Review

Authored by Allison Rice

Social Studies

7th Grade

Used 4+ times

Economics Test Review
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66 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

tangible items that result from production

complements

goods

services

supplements

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

nonphysical results of production

complements

goods

services

supplements

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

products that are often used or consumer in combination with one another

complements

goods

services

supplements

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

products that can replace one another

complements

goods

services

supplements

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the study of how productive resources are used to provide the goods and services that satisfy human wants

economics

opportunity cost

scarcity

trade-off

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the basic economic problem - we can't have everything we want

economics

opportunity cost

scarcity

trade-off

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

you must give up something if you want to get something (this is what every choice involves)

economics

opportunity cost

scarcity

trade-off

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