Economics Unit 1

Economics Unit 1

9th - 12th Grade

20 Qs

quiz-placeholder

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Economics Unit 1

Economics Unit 1

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Easy

Created by

Bree Linton

Used 3+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of how people try to satisfy their seemingly unlimited and competing needs and wants through the careful use of relatively scarce resources

consumer good

economics

need

utility

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The condition that results from society not having enough resources to produce all the things people would like to have

scarcity

want

durable good

services

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A basic requirement for survival

want

nondurable good

need

scarcity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something we would like to have but is not necessary for survival

want

need

economics

utility

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Useful tangible item, such as a book or a car

services

economics

want

good

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Useful tangible item that lasts for three years or longer

scarcity

durable good

good

need

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Useful tangible item that lasts for less than three years or longer when used on a regular basis

nondurable good

services

durable good

paradox of value

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