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What is Economics Ch1

Authored by Nate TeSlaa

Social Studies

10th - 12th Grade

Used 35+ times

What is Economics Ch1
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

something essential to survival

Need

Want

Good

Service

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

something that people desire but that is not necessary for survival

Need

Want

Good

Service

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The physical object someone produces

Need

Want

Good

Service

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the action or activities that one person performs for another

Need

Want

Good

Service

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The principle that limited amounts of goods and services are available to meet unlimited wants

Scarcity

Economics

Shortage

Entrepreneur

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of how people seek to satisfy their wants and needs by making choices.

Scarcity

Economics

Shortage

Entrepreneur

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a situation were consumers want more of a good or service than producers are willing to make available at a particular price

Scarcity

Economics

Shortage

Entrepreneur

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