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Demand BASICS

Authored by Anne Younger

Business

8th Grade

Used 23+ times

Demand BASICS
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Wants are...

Things you must have

Things you would like to have...

Things you will buy...

Things you have...

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is ...

unlimited wants and unlimited resources

limited wants and unlimited resources

unlimited wants and limited resources

limited wants and limited resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

CHOICES are necessary because...

limited wants and unlimited resources

unlimited wants and limited resources

limited wants and limited resources

unlimited wants and unlimited resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All choices result in an...

opportunity cost

accounting cost

large costs

alternative cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Opportunity cost is...

The next best alternative missed out on

all the choices you didn't take

the price of the second option

the price of the first option

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A human resource in the classroom is...

TV

desk

teacher

student

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A human-made resource in a school is...

principal

desk

teacher

student

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