Economics Test Review
Authored by Allison Rice
Social Studies
7th Grade
Used 4+ times
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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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