Search Header Logo

Economics 1

Authored by Robert Thomas

Social Studies

11th - 12th Grade

Used 5+ times

Economics 1
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Essential for survival 

wants
needs
goods
services 

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Something you desire, but is NOT necessary for survival.

Needs 
Wants 
goods 
Services 

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Actions or activities one performs for another 

Needs 
Wants 
Services 
Goods 

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Physical objects someone produces 
Examples: clothes, food, video games 

Needs 
Wants 
Goods 
Services 

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Limited amounts of goods and services available to meet unlimited wants 

Scarcity 
Economics 
Shortages 
Entrepreneurs 

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Study of how people seeks to satisfy their needs and wants by making choices 

Scarcity
Economics 
Shortages 
Entrepreneurs 

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Resources that are used to make all goods and services 

Factors of Production
Land 
Labor 
Capital 

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?