Unit 1 Economics Test
Authored by Jonathan Collett
Other, Social Studies
11th - 12th Grade
Used 4+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a desire that can be satisfied by consuming a good or service
Want
Need
Scarcity
Producer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are things such as food, clothing, and shelter that are necessary for survival
Want
Need
Desire
Consumer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: Wants are unlimited but the resources available to satisfy them are limited
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the study of how people choose to use scare resources to satisfy their wants
Economics
Scarcity
Wants
Needs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What situation exist when there are not enough resources to meet human wants
Needs
Wants
Scarcity
Economics
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT a fundamental question of economics
For whom
What to produce
How to produce
When to produce
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a physical object that can be purchased such as food
Good
Service
Consumer
Producer
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