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Demand BASICS
Quiz
•
Business
•
8th Grade
•
Medium
Anne Younger
Used 23+ times
FREE Resource
11 questions
Show all answers
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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