econ personial finance
Authored by MATIAS M
Business
10th Grade
Used 4+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The study of how individuals and nations make choices about ways to use scare resources to satisfy their needs and wants?
economics
needs
wants
economic products
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Needs are those things that are necessary for basic living?
Needs
wants
economic products
value
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Wants are those things you would like to have
wants
economic products
value
utility
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A good-is a useful, tangible item, such as a book, a car, or a cellphone
economic products
value
utility
economic resources
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Most goods and services have something called value a term that refers to how much something is worth expressed
value
utility
economic resources
scarcity
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
For something to have value, it must have utility or the capaeity to be useful and provide satisfaction
utility
economic resources scarcity
economics
needs
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
An individuals economic resources are their skills, effort, land, or capital, which can provide them with income
economic resources
scarcity
economics
needs
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