Economics Quiz I
Authored by Alita Yao
Business
9th Grade
Used 15+ times
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20 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
a product which does not require any resources to
make it and so does not have an opportunity cost
(a)
2.
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1 min • 1 pt
human effort used in producing goods and services
(a)
3.
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1 min • 1 pt
spending on capital goods
(a)
4.
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1 min • 1 pt
desires for goods and services
(a)
5.
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1 min • 1 pt
risk bearing and key decision making in business
(a)
6.
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1 min • 1 pt
a person who bears the risks and makes the key decisions in a business
(a)
7.
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1 min • 1 pt
the best alternative forgone
(a)
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