Section 1 Biz
Authored by Dave Doucette
Business
7th - 8th Grade
Used 2+ times
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26 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A _____ is something that is essential for survival.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A _____ is something that is nice to have but is not essential for surviving.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these options is considered a need?
Socks
Wallet
Necklace
Phone
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is considered a want?
Socks
Shelter
Milk
Car
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
__________ is when there is a limited amount of resources and an unlimited amount of wants.
6.
MULTIPLE CHOICE QUESTION
30 sec • 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 • 1 pt
Which of the following are factors of production?
Capital
Theories
Entrepreneurship
Land
Labor
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