Intro to Econ
Authored by Jonah McInnis
Social Studies
12th Grade
Used 31+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The condition that exists because there are not enough resources to produce everyone's wants.
Producer
Economics
Consumer
Scarcity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The value of an alternative decision
Opportunity Cost
Scarcity
Economics
Producer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something humans have to have in order to survive
Scarcity
Need
Want
Consumer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something that we have, but do not need in order to survive
Need
Producer
Good
Want
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any object or product (factors of production) that is useful.
Consumer
Good
Producer
Service
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An (intangible) act or use for which a consumer, firm, or government is willing to pay.
Producer
Want
Service
Good
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Someone who purchases or uses a good or service
Want
Scarcity
Consumer
Producer
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