What is Economics Review

What is Economics Review

11th Grade

10 Qs

quiz-placeholder

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What is Economics Review

What is Economics Review

Assessment

Quiz

Social Studies

11th Grade

Practice Problem

Medium

Created by

Michael Coombe

Used 21+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Economics is

People trying to satisfy their needs by making choices

Business operations

Charts and Graphs

The study of currency and geopolitics

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Scarcity is

Limited resources to fulfill unlimited needs

A scary city

People not getting what they want

The problem of human happiness

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Food Shelter and Clothing are

Needs

Wants

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A want is something you need to survive

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Land, Labor, and Capital are

Wants

Needs

Scarcity

The factors of production

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Human Capital is Knowledge Skills and Experience someone posses

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

the tools and materials used to produce goods are called

physical capital

human capital

Land

Labor

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