Into what two categories can wants be divided?

Business Essentials 2.02 Are You Satisfied

Quiz
•
Business
•
9th - 12th Grade
•
Medium
Used 25+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unlimited and limited
Unlimited and economic
Economic and noneconomic
Unlimited and noneconomic
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Seeing a movie at a theater would be considered a(n) want.
Economic
Unlimited
Limited
Noneconomic
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Friendship would be considered a(n) want.
Economic
Limited
Unlimited
Noneconomic
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following groups of words best describes wants:
Limited, changing, and compensating
Unlimited, changing, and competing
Limited, unchanging, and competing
Unlimited, unchanging, and compensating
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Water and air are examples of resources, while people are considered to be resources.
Natural; human
Physical; mental
Capital; human
Mental; natural
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In economics, capital goods include
Labor and management
Mental and physical work
Buildings and equipment
Trees and water
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are resources considered limited?
Everyone has them, and they change
There is not enough available for everyone to have as much of them as desired
There are so many that people must decide which ones to choose at any one time
Entrepreneurs do not invest enough of them
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