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Quiz 7
Quiz
•
Social Studies
•
12th Grade
•
Easy
Asif Lakhani
Used 37+ times
FREE Resource
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14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is scarcity?
When unlimited wants exceed limited resources
When limited wants exceed unlimited resources
When unlimited resources exceed limited wants
When limited resources exceed unlimited wants
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is opportunity cost?
The thing you choose to do
The thing you give up doing
The money you pay for an item
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a want?
Anything you desire
Something required to survive
An item you purchase
When you pay someone to do something for you
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a need?
Anything you desire
Something required to survive
An item you purchase
When you pay someone to do something for you
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a good?
Anything you desire
Something required to survive
An item you purchase
When you pay someone to do something for you
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a service?
Anything you desire
Something required to survive
An item you purchase
When you pay someone to do something for you
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which represents a point that is inefficient?
D
E
F
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