
Econ Unit 1 Review
Authored by Daniel Hollenbaugh
Social Studies
12th Grade
Used 2+ times

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36 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Individuals who come up with a new idea for a good or service, then they make it a reality
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something we use from nature
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The idea that resources are limited; we don't have an unlimited supply of what we want
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Human-made materials used to produce goods and services.
capital
land
labor
entrepreneur
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy where the government controls the factors of production resources.
command
market
capitalism
mixed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
how resources are used to meet peoples wants and needs
economics
demand
supply
entrepreneur
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The talents and skills of human beings used to create goods is an example of which Factor of Production?
labor
land
capital
entrepreneur
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