Economics Scarcity Quiz

Economics Scarcity Quiz

12th Grade

10 Qs

quiz-placeholder

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Economics Scarcity Quiz

Economics Scarcity Quiz

Assessment

Quiz

Financial Education

12th Grade

Practice Problem

Medium

Created by

Jorge Saldana

Used 20+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the central idea in all of economics?

Scarcity

Sustainability

Abundance

Equality

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does scarcity mean in the field of economics?

Limited resources

Abundance of resources

Equal distribution of resources

Sustainable resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is caviar considered as - a scarce resource or a free resource?

Scarce resource

Free resource

Abundant resource

Limited resource

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is labor considered as a scarce resource or a free resource?

Free resource

Scarce resource

Abundant resource

Limited resource

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is the view from a house next to an alpine lake considered as a scarce resource or a free resource?

Scarce resource

Free resource

Limited resource

Abundant resource

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is water in a town considered as a scarce resource or a free resource?

Scarce resource

Limited resource

Free resource

Abundant resource

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is oxygen on our planet considered as a scarce resource or a free resource?

Limited resource

Abundant resource

Free resource

Scarce resource

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