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Section 1 Biz

Authored by Dave Doucette

Business

7th - 8th Grade

Used 2+ times

Section 1 Biz
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26 questions

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1.

FILL IN THE BLANK QUESTION

1 min โ€ข 1 pt

A _____ is something that is essential for survival.

2.

FILL IN THE BLANK QUESTION

1 min โ€ข 1 pt

A _____ is something that is nice to have but is not essential for surviving.

3.

MULTIPLE CHOICE QUESTION

30 sec โ€ข 1 pt

Which of these options is considered a need?

Socks

Wallet

Necklace

Phone

4.

MULTIPLE CHOICE QUESTION

30 sec โ€ข 1 pt

Which of these is considered a want?

Socks

Shelter

Milk

Car

5.

FILL IN THE BLANK QUESTION

1 min โ€ข 1 pt

__________ is when there is a limited amount of resources and an unlimited amount of wants.

6.

MULTIPLE CHOICE QUESTION

30 sec โ€ข 1 pt

LeeRoy Jenkins bursts into a room so that he can play video games faster. What is his opportunity cost?

Walking

The wall he broke

The video game he is playing

His mom's anger

7.

MULTIPLE SELECT QUESTION

45 sec โ€ข 1 pt

Which of the following are factors of production?

Capital

Theories

Entrepreneurship

Land

Labor

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