Year 8 Econs & Business - Weeks 1-2
Authored by Abbey Wilson
Business
8th Grade
Used 3+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The term to describe the problem of people having unlimited needs and wants, but limited resources, forcing people to make choices.
Scarcity
Trade
Standard of Living
Human Resources
2.
OPEN ENDED QUESTION
1 min • 1 pt
What does it mean when something is scarce?
Evaluate responses using AI:
OFF
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is not a need?
Water
Food
Shelter
Hair dye
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is not a want?
iPhone
Swimming pool
Water
Laptop
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The system in which goods and services are exchanged
Barter
Currency
Market
Resource
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How much people want a good/service
Supply
Demand
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How much of a good/service is available
Supply
Demand
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