Basic Economic Problem

Basic Economic Problem

10th Grade

16 Qs

quiz-placeholder

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Basic Economic Problem

Basic Economic Problem

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

Medium

Created by

D M

Used 26+ times

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16 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 15 pts

The ..... ......... ....... is how to allocate scarce resources to satisfy unlimited needs and wants.

2.

FILL IN THE BLANK QUESTION

1 min • 15 pts

The three segments of industry are ...., ...., & ....

3.

FILL IN THE BLANK QUESTION

1 min • 15 pts

Economic agents are ...., ...., and ....

4.

FILL IN THE BLANK QUESTION

1 min • 10 pts

Items in limited supply

5.

FILL IN THE BLANK QUESTION

1 min • 10 pts

Goods which are unlimited in supply

6.

FILL IN THE BLANK QUESTION

1 min • 5 pts

Goods that are essential for survival

7.

FILL IN THE BLANK QUESTION

1 min • 10 pts

The cost of the next best opportunity foregone when making a decision

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