Economics Review 2023
Authored by Charles Hunt
History
6th Grade
Used 53+ times
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34 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A factor of production that includes all natural resources.
land
labor
surplus
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the resources needed for a business to function?
scarcity
surplus
factors of production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term describes the workers needed to complete a job?
land
labor
capital
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT one of the fundamental economic questions?
What to produce
How to produce it
Who to produce it for
Where am I going to make it
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The tools needed to complete a job.
surplus
scarcity
capital
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Someone who starts their own business.
labor
entrepreneur
capital
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All businesses related to the same type of product.
industry
land
factors of production
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