
Econ Unit 1
Authored by Josh Lunt
Social Studies
10th - 12th Grade
Used 15+ times

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42 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The difference between the limitless wants of people and the limited number of resources available
entrepreneurship
scarcity
surplus
demand
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The study of how people use scarce resources to satisfy their unlimited wants
economics
marketing
distribution
pharmaceutics
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Economics answers three major questions which one these is not one of them?
What will be produced?
How it will be produced?
For whom it will be produced?
Why it will be produced?
4.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Which of these are factors of production?
Land
Labor
Capital
Entrepreneurship
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In economics the benefits offered by a good or service are called
perks
rewards
keys
incentives
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The satisfaction that comes from using a good or service and obtaining the incentive
economizing
utility
fulfillment
incentivizing
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Choosing between two options is the individual process of economizing?
True
False
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