Economics Scarcity Quiz
Authored by Jorge Saldana
Financial Education
12th Grade
Used 27+ times
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10 questions
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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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