Things that are required in order to live are known as ....?

Factors of production

Quiz
•
Business
•
University
•
Hard
Houy Sam Ath
Used 2+ times
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25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Wants
Needs
Goods
Services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things that you can see and touch are known as ...?
Goods
Services
Wants
Needs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things that add comfort or pleasure to your live are know as ....?
Wants
Needs
Goods
Services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is a need?
food
roller skates
bike
cat
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are they called wants?
You must have them or you will die.
You don't need them to live.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are they called needs?
They are things you really want.
You must have them or you will die.
You want them, but you will not die if you don't get them.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of
production technology
consumption decisions
how society decides what, how, and for whom to produce
the best way to run society
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