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Economics G7 exercise

Authored by Yola Hutauruk

Social Studies

7th Grade

Used 3+ times

Economics G7 exercise
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why will scarcity continue to be a problem in the future?

Prices will rise
Resources will always be finite 
Needs will decrease in the future 
World population will fall 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor of production is the least mobile?

Capital 
Enterprise
Labour
Land 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a free good?

A vaccination provided by the state without charge

Prizes of food items given away by a supermarket

Recycled paper

Wind coming from the sea

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the below is not scarce resource?

Oil

Sea water

Natural gas

Gold

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by 'labour' in economics?

Hard physical work used to produce manufactured goods 
Human mental and physical effort used for producing goods and services
Natural resources used in the productive process
Risk taking and organising the factors of production

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Resources (also know the factors of production) are ...

Land and Labour

Land and Capital

Enterprise

Land, Labour, Capital and Enterprise

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Raw materials (i.e. cotton, oil...etc.) fall under which category

Land

Labour

Capital

Enterprise

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