Economic system
Authored by Daberechi Nnadiri
Other
10th Grade
Used 21+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
things such as food, clothing and shelter that are necessary for survival
answer choices
Needs
Goods
Services
Wants
Needs
Goods
Wants
services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the situation that exists where there are not enough resources to meet human wants
limitations
scarcity
rations
coupons
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity affects whom?
poor Individuals
Businesses
Governments
Everyone
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
physical objects that can be purchased
Needs
Goods
Services
Wants
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
people who buy goods and services for personal use
consumers
officials
investors
producers
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
work that one person performs for another for payment
Needs
Goods
Services
Wants
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
desires that can be satisfied by consuming a good or service
Needs
Goods
Services
Wants
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