Chapter 1. Study of Economics

Chapter 1. Study of Economics

12th Grade

20 Qs

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Chapter 1. Study of Economics

Chapter 1. Study of Economics

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

Courtney Isaac

Used 3+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is scarcity?

exports

imports

making decisions with limited resources

something desired

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a want?

iPhone

healthcare

food

water

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a need?

airfryer

airpods

medical care

new outfit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the study of economics?

making choices

making choices with the resources they have

learning the stock market

being an entrepreneur

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a service?

apple watch

dyson airwrap

air force 1s

nail salon

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a good?

hair salon

mechanic shop

swim lesson

glasses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a shortage?

a low demand but a lot of items

needed to survive

a great depression

a high demand for items and not enough to provide

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