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Economic Choices

Authored by Eric Wimer

Social Studies

8th Grade

Used 29+ times

Economic Choices
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The buying and selling of scarce goods and services is called _____.

economics.

politics.

geography.

government.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Things you buy that you can "physically touch" are called _____.

goods.

services.

opportunity cost.

choice.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The idea that there is only a limited amount of something is called ____.

opportunity cost.

scarcity.

choice.

goods.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In economics, scarcity requires people to make ____.

choices.

answers.

questions.

advice

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What you give up when you make a choice is called your _____.

choice.

answer.

opportunity cost.

decision.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Pepsi or Coke. I choose Coke. Pepsi is my ______.

opportunity cost.

answer.

choice.

religion.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A veterinarian is a ____.

good.

service.

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