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Intro to Econ

Authored by Sheldon McKinzie

Social Studies

9th - 12th Grade

Used 9+ times

Intro to Econ
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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The study of how people make choices to satisfy the needs and wants of a society or individual.

Civics

Economics

Anthropology

Sociology

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Things that are necessary for survival.

Wants

Goods

Services

Needs

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Things that are desired but are not necessary for survival

Wants

Goods

Services

Needs

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The basic economic problem that must be answered is how to manage these.

Shortages

Wants

Needs

Scarcities

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Limited quantities of resources to meet unlimited wants are known as what?

Shortages

Needs

Services

Scarcities

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Man made unavailability's of a product that eventually end are known as what?

Scarcities

Needs

Shortages

Services

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

By overusing the things that are limited we create these.

Scarcities

Shortages

Wants

Needs

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