The demand for a good or service is greater than the availability of the good or service is the concept of
Economics Concept

Quiz
•
Other, Social Studies
•
10th - 12th Grade
•
Hard
anjas puspita
Used 10+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
opportunity cost
scarcity
demands of goods
offers of goods
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Below are the examples of macro economics, except...
inflation
national income
unemployment
household demands
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Needs based on the subject are divided into...
individual and group
physical and spiritual
primary and secondary
current and future
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Jessica goes outside for jogging every evening. This is the example of activity to fulfill the ..... needs
primary
group
physical
future
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Luxury goods are classified as...
tersier goods
secondary goods
primary goods
group goods
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Fire and water can be classified as.... goods
economics
free
illith
primary
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Thing that is sacrified in order to choose something else is known as....
scarcity
opportunity cost
economics principle
economics motive
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