Econ Unit 1 Test
Quiz
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Medium
Ashley Perry
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18 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is not one of the characteristics of an item being scarce?
Desirable
Limited Supply
Have multiple uses
Unlimited Supply
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A positive incentive
Is a punishment
Is a reward
Cost more to make
Is limited in supply
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A negative incentive
Is a punishment
Is a reward
Cost less to make
Is limited in supply
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is the difference between a want and a need?
A want is something you desire and a need is essential
A want is something you purchase and need is a service you pay for
A want is essential and a need is something you desire
A want is limited while a need is unlimited
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Activities provides by others like lawn care service and haircuts are called
Goods
Products
Services
Capital Resources
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Natural resources like wood and water are considered what type of resource in economics?
Labor resources
Inflation resources
Service resources
Land resources
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Human resources are also called
Labor resources
Land resources
Entrepreneurship
Capital resources
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