Basics of Economics
Authored by Charles Jr.
Social Studies
7th - 8th Grade
Used 135+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The inability to satisfy all wants at the same time.
choice
production
opportunity cost
scarcity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Factors of production that include natural, human, capital, and entrepreneurship.
choice
resources
opportunity cost
consumption
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are resources found in nature.
natural resources
capital resources
human resources
entrepreneurship.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are resources that people can do such as being a teacher or a delivery driver.
natural resources
human resources
capital resources
entrepreneurship
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Products that humans create for a purpose.
natural resources
capital resources
human resources
entrepreneurship
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is making money from any type of resource.
choice
production
consumption
entrepreneurship
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The selection of an item or action from a set of possible alternatives.
production
choice
opportunity cost
consumption
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