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Business Essentials 2.02A

Authored by Natalie Jones

Business

9th - 12th Grade

Used 19+ times

Business Essentials 2.02A
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20 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A characteristic of human wants is that they are

limited
unchanging
unlimited
consistent

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is an example of an economic want:

clothing
fresh air
understanding
conversation

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An example of a noneconomic want would be the desire for

police protection
a college education
a friend
concert tickets

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An economic good or service that is scarce is one that is

in limited supply.
not made in America.
readily available
not test-marketed

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If a good or service is scarce, consumers will usually be

uninterested in owning it.
able to get as much of it as they want.
unwilling to buy it
willing to pay money to get it

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a characteristic of economic services

useful
tangible
nontransferable
freely available to everyone

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Economic “votes” are cast by consumers each time they

make a purchase.
visit a business
respond to a survey.
participate in market research

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