Business Essentials 2.02 Are You Satisfied

Business Essentials 2.02 Are You Satisfied

9th - 12th Grade

20 Qs

quiz-placeholder

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Business Essentials 2.02 Are You Satisfied

Business Essentials 2.02 Are You Satisfied

Assessment

Quiz

Business

9th - 12th Grade

Medium

Used 25+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Into what two categories can wants be divided?

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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