Intro to Economic Review

Intro to Economic Review

6th - 8th Grade

21 Qs

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Assessment

Quiz

Social Studies

6th - 8th Grade

Medium

Created by

Brent Christianson

Used 6+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of how people satisfy their needs and wants

Economics

Psychology

Sociology

None of the Above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the these would be a NEED?

Food

Water

Shelter

All of the Above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these would be an example of a WANT?

Food

Shelter

Xbox

None of the Above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A limited amount of resources to meet unlimited wants and needs is?

Need

Scarcity

Want

Economics

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these are a cause of Scarcity?

Personal Perspective

Poor Distribution of Resources

Rapid Increase in Demand

All of the Above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The value of time, money, goods, and services given up in an economic choice is?

Real Cost

Opportunity Cost

Trade Off

None of the Above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the ways we deal with Scarcity?

Doing without something

Creating more resources

Making Better use of our resources

All of the Above

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