
Chapter 1 - What is Economics?
Quiz
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Medium
Jordan Kupper
Used 2+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of how people seek to satisfy their unlimited and competing needs and wants with the use of resources and by making choices
consumer goods
demand
want
economics
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
goods that are used in producing other goods used by businesses, such as machinery or equipment
capital goods
nondurable goods
supply
consumer goods
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
food, clothing, fuel
goods
capital goods
nondurable goods examples
consumer goods
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a useful, tangible item that we buy
goods
services
economics
nondurable goods examples
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of goods available
goods
capital goods
supply
nondurable goods
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
manufactured items that have a life span longer than three years
want
tradeoff
supply
durable goods
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tangible items that are consumed within a short time (less than three years)
capital goods
value
consumer goods
nondurable goods
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