econ personial finance

econ personial finance

10th Grade

8 Qs

quiz-placeholder

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econ personial finance

econ personial finance

Assessment

Quiz

Business

10th Grade

Easy

Created by

MATIAS M

Used 4+ times

FREE Resource

8 questions

Show all answers

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

8.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Scarcity is a shortage of resources that results in the inability to satisfy all wants at the same time

scarcity

economics

needs

wants