N. Economics
Authored by Jennifer Miller
Social Studies
9th Grade
Used 101+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A system by which people in a society make decisions about how to use their resources to produce goods and services
Economy
Factors of Production
Want-Satisfaction Chain
Opportunity Cost
Scarcity
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The resources needed to create a good or service
Economy
Factors of Production
Want-Satisfaction Chain
Opportunity Cost
Scarcity
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which factor of production is: natural resources
Land
Labor
Capital
Entrepreneurship
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which factor of production is: the time, energy, knowledge, and skills of humans
Land
Labor
Capital
Entrepreneurship
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which factor of production is: human innovation and initiative to combine land, labor, and capital in order to produce goods/services
Land
Labor
Capital
Entrepreneurship
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which factor of production is: anything produced in an economy used to produce other goods/services
Land
Labor
Capital
Entrepreneurship
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which term means: resources are limited compared to wants
Economy
Factors of Production
Want-Satisfaction Chain
Opportunity Cost
Scarcity
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?
