
Basic economic concepts
Authored by Mariyam Nisha
Business
6th - 8th Grade
Used 6+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following best describes needs?
Basic necessities of life without which we cannot live.
Those things which are not necessary for our survival.
Not having enough resources to satisfy our wants.
Sacrificing of the next best alternative.
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is not an example of a need?
Water
Clothing
Car
Shelter
3.
FILL IN THE BLANK QUESTION
1 min • 5 pts
------------ are things which are not necessary for our survival.
4.
FILL IN THE BLANK QUESTION
1 min • 5 pts
------------ are inputs that are required to create outputs which are products and services.
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
which of the following refers to the man-made goods used in the production of other goods and services?
Natural resources
Renewable resources
Human resources
Manufactured resources
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following describes renewable resources?
Those which can be replaced in a reasonable time or those which are available consistently.
Those that take a long period of time to get replace.
All the resources that we get from nature.
People who are involved in production of goods and services.
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What leads to scarcity?
Limited wants and unlimited resources.
Limited resources and limited wants.
Unlimited wants and limited resources.
Unlimited wants and unlimited reourcs.
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 Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
Elements of a Contract -Business Law
Quiz
•
KG - 12th Grade
9 questions
Marketing Philosophies Review
Quiz
•
KG - 11th Grade
10 questions
S2 Subject Choice Quiz
Quiz
•
8th - 10th Grade
14 questions
Bayou Bridges 7th, Unit 1, Chapter 2 Review
Quiz
•
3rd Grade - University
15 questions
Training and Development Quiz
Quiz
•
8th Grade
10 questions
Market Segmentation
Quiz
•
7th Grade
15 questions
Insurance Basics
Quiz
•
4th - 9th Grade
10 questions
Methods of production
Quiz
•
7th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
20 questions
Figurative Language Review
Quiz
•
6th Grade