
What is Economics
Authored by Coach Young
Social Studies
12th Grade
Used 16+ times

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41 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do all societies have to make decisions about how resources will be used?
People are greedy
There are not enough resources for those who want them
Resources are too expensive for most people
Because there is a huge gap between the rich and poor
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If all resources are being used, what would have to be produced less of if more houses are built?
Cars
Candy
Computers
Cabinets
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT a question all societies have to answer due to scarce resources?
When will products be produced?
How will products be produced?
What products will be produced?
Who will gets access to the resources and the products they produce?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT a scarce resource?
Labor
Trees
Time
Candy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity is defined as a limited supply of resources and...
limited wants for those resources
unlimited resources
limited resources
unlimited wants for available resources
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which two products use the same scarce natural resources?
Gasoline and Electricity
Gasoline and plastic
Apples and glass
Glass and gasoline
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do we have to make production choices about available resources?
Too many resources for the demand
Limited wants
Unlimited resources
Scarcity
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