Chapter 1 BASIC OF ECONOMICS
Authored by Nattida In-asa
Business
12th Grade
Used 16+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following shows that when people use something, it doesn't affect how much others can use it?
Equipment
Oil
Information
Worker
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who uses a new idea to bring out a product or service to the marketplace is known as:
Entrepreneur
A labor
A manager
A delivery man
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who purchases a good or service
consumer
supply
good
demand
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Extras that make life more enjoyable
want
need
scarcity
savings
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much of a good or service consumers want
demand
spending
scarcity
opportunity cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The highest-valued alternative that must be given up when you make a choice.
Scarcity
Opportunity cost
Factors of Production
Innovation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There are 4 _______________. They are land, labor, capital and entrepreneurship.
Market Economy
Profit
Economics
Factors of Production
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