Review - Scarcity, Opportunity Cost, & Factors of Production
Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Christopher Russo
Used 36+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The resources used to make all goods & services are called
Natural Resources
Factors of Production
Goods & Services
Renewable Resources
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is an Entrepreneur?
A person who risks their own time and money to start a business
The money a business makes from selling their goods and services
Revenue
Profit
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is an economic want?
Things people need in order to survive.
Goods/services that people would like to have.
Things people don't want anymore.
Tangible goods that people must have.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Scarcity is defined as a limited supply of resources versus...
limited wants for those resources
unlimited resources
limited resources
unlimited wants/needs
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What are all societies forced to do because of scarcity?
Make production decisions
Conserve resources
Limit resource use
Charge large amount of money for available resources
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
20 questions
SOCIAL SCIENCE: ALL ABOUT THE UNIVERSE
Quiz
•
3rd - 10th Grade
15 questions
Bayaning Pilipino
Quiz
•
5th Grade - University
16 questions
Society and Culture 2010-2011
Quiz
•
12th Grade
10 questions
Information processing - Sports coaching
Quiz
•
12th Grade
20 questions
theory of demand
Quiz
•
12th Grade - University
20 questions
Summative 2 Quarter 2
Quiz
•
10th Grade
13 questions
GCSE Sociology 9-1 Marxism or Functionalism??
Quiz
•
10th Grade
20 questions
Canadian Taxes
Quiz
•
9th - 10th Grade
Popular Resources on Wayground
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
20 questions
MINERS Core Values Quiz
Quiz
•
8th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
10 questions
How to Email your Teacher
Quiz
•
Professional Development
15 questions
Order of Operations
Quiz
•
5th Grade
Discover more resources for Social Studies
17 questions
Elections Vocabulary MMS
Quiz
•
8th - 12th Grade
10 questions
Unit 6 - Great Depression & New Deal
Quiz
•
11th Grade
10 questions
Exploring the Age of Exploration: Key Events and Figures
Interactive video
•
6th - 10th Grade
39 questions
Unit 7 Key Terms
Quiz
•
11th Grade - University
21 questions
Progressive Era
Quiz
•
9th - 10th Grade
20 questions
Research Methods Quiz
Quiz
•
12th Grade
10 questions
Spanish-American War
Quiz
•
11th Grade
35 questions
Q1 Checkpoint Review
Quiz
•
10th Grade
