American Free Market Economy
Authored by Crystal Winner
History, Social Studies
6th Grade
Used 19+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The inability to satisfy all wants at the same time
scarcity
supply
demand
supply and demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All resources and goods are limited. I requires that a choice be made.
scarcity
supply
demand
supply and demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Selecting an item or action from a set of polssible alternatives.
Incentives
Choice
Opportunity Cost
Production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Individuals must make a decision about desired goods or services because these goods or services are limited.
Incentives
Choice
Opportunity Cost
Production
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is what is given up when a coice is made.
scarcity
choice
opportunity cost
resources
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
I want a Big Mac and Chicken nuggets. I can only get one. The one I DONT get is the ______________.
scarcity
choice
opportunity cost
resources
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are the factors of production that are used in the production of goods and services.
resources
price
production
supply and demand
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