Econ: Scavenger Hunt Review

Econ: Scavenger Hunt Review

12th Grade

10 Qs

quiz-placeholder

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Econ: Scavenger Hunt Review

Econ: Scavenger Hunt Review

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

Brad Poock

Used 10+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is affected by the condition of scarcity?

The rich

Large economies

All societies

Producers (ie: businesses)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do all societies have to make decisions about how resources will be used?

People are greedy

There are not enough resources for those who want them

Resources are too expensive for most people

Because there is a huge gap between the rich and poor

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Trade-off is

a purchase in a marketplace.

an alternative that we sacrifice when we make a decision.

any good or service a consumer needs.

a factor of production.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the fundamental problem in Economics?

scarcity

production

underutilization

statistics

5.

DRAG AND DROP QUESTION

30 sec • 1 pt

Scarcity arises because human ​ (a)   are limitless, while resources are ​ (b)   .

wants
limited
abundant
emotions

6.

DRAG AND DROP QUESTION

30 sec • 1 pt

Scarcity affects how the four ​ (a)   are put to use.

factors of production
economic models
incentives
trade-offs

7.

DRAG AND DROP QUESTION

30 sec • 1 pt

Since people cannot have everything they want, they have to make ​ (a)   , which involves a ​ (b)   (something you have to give up to get what you want).

choices
trade-off
producer
consumer

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