Business Essentials - 2.02C Economics and Economic Activities

Business Essentials - 2.02C Economics and Economic Activities

9th - 12th Grade

20 Qs

quiz-placeholder

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Business Essentials - 2.02C Economics and Economic Activities

Business Essentials - 2.02C Economics and Economic Activities

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

V .

Used 243+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Into what two categories can wants be divided?

Unlimited and noneconomic

Economic and noneconomic

Unlimited and limited

Unlimited and economics

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Seeing a movie at a theater would be considered a(n) __________ want.

unlimited

limited

economic

noneconomic

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Friendship would be considered a(n) __________ want.

economic

limited

noneconomic

unlimited

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following groups of words best describes wants:

Limited, changing, and compensating

Limited, unchanging, and competing

Unlimited, unchanging, and compensating

Unlimited, changing, and competing

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Water and air are examples of __________ resources, while people are considered to be __________ resources.

capital; human

natural; human

physical; mental

mental; natural

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

In economics, capital goods include

buildings and equipment.

labor and management.

mental and physical work.

trees and water.

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Why are resources considered limited?

Everyone has them, and they change.

Entrepreneurs do not invest enough of them.

There are so many that people must decide which ones to choose at any one time.

There are not enough available for everyone to have as much of them as desired.

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