Economics for Grade 10
Authored by sanga clarke-Smith
Business
10th - 12th Grade
Used 67+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Studying economics helps us to understand how humans make decisions with the resources they have.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The major problem in economics is, scarcity
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity exists because the resources are less than people's wants.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a good?
a laptop
taking a taxi
being taught by your Science teacher
spending the weekend at a hotel.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which would be considered a service?
a microwave
a sofa
a doctor's visit
a burger
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
choice is inevitable. This means that .....
One will have to make sacrifice because resources are inadequate
an individual has preferences.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The options that you. the government and the firms choose from are known as
opportunity cost
need
resources
choice
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