
ECONOMICS UNIT 1 VOCAB QUIZ
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
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Medium
Angela Blount
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The condition that results from society not having enough resources to produce all the things we need and want.
UTILITY
SERVICE
SCARCITY
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The Study of how people satisfy their needs and wants with limited resources.
SCARCITY
ECONOMICS
VALUE
GOOD
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Basic requirement for survival
WANTE
SCARCITY
NEED
GOOD
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A WAY TO EXPRESS A NEED.
GOOD
WANT
NEED
ECONOMICS
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
TANGIBLE ECONOMIC PRODUCT THAT IS USEFUL.
GOOD
SERVICE
NEED
WANT
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
GOOD THAT LASTS FOR A WHILE.
NONDURABLE GOOD
WANT
NEED
DURABLE GOOD
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
ITEM THAT WEARS OUT.
DURABLE GOOD
NONDURABLE GOOD
NEED
WANT
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