Quiz: What is the economy?
Authored by Bennett Burch
History
8th Grade
Used 9+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of decisions people make to meet ______ and ______.
deadlines, inflation
needs, wants
standards, goals
None of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ are things that you must have to live or stay healthy and safe.
Needs
Wants
Opportunity costs
None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_________ are things you would like to have.
Needs
Wants
Opportunity costs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tanvi goes to work so she can make money to pay for her house. Is this an example of a need or a want?
need
want
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tanvi cancels plans for next week so she can go on a vacation. Is this an example of a need or a want?
need
want
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tanvi watches her favorite TV show. Is this an example of a need or a want?
need
want
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tanvi eats breakfast so she has energy for the day. is this a need or a want?
need
want
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