EDM Key Concepts

EDM Key Concepts

10th Grade

11 Qs

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EDM Key Concepts

EDM Key Concepts

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

Medium

Created by

C Shabatoski

Used 1+ times

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11 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Refers to all the goods and services (including knowledge) that are produced and distributed within society (the value of a good is worth whatever someone is willing to pay)

2.

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1 min • 1 pt

Those things which are used to produce goods and services (wealth) individuals within a society need or want.

3.

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1 min • 1 pt

Is the relationship that occurs when needs and wants exceed the limited resources available to meet those wants; when you are short or run out of goods and/or services.

4.

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1 min • 1 pt

The value of a good or service that we want to consume and/or purchase; how much are you willing to pay for something that you want or need?

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A measure of the quantity and quality of goods and services available to people to create a lifestyle; what is living going to cost you?

6.

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1 min • 1 pt

These are required for industrial production: land, labour (workers), and capital ($) which are used to produce goods and services.

7.

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1 min • 1 pt

Consists of a nation's roads, housing, hospitals, schools, etcetera which make possible reasonable living conditions and create a healthy, educated, and trained labour force.

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