Quick Quiz for Economics 2024
Authored by Elizabeth Webber
Business
9th Grade
Used 9+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The definition of Scarcity is...
An unlimited amount of resources to meet limited wants and needs
A limited amount of resources to meet unlimited wants and needs.
When people use time and energy to create events
a city where individuals commit themselves to unlimited wants and needs
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these is NOT an example of a need?
Water
Food
watch
Shelter
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a need?
Nothing
Something you have to have to live
Something you would like to have
Ice cream
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of how people seek to satisfy their needs and wants by making choices.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following in an example of LAND.
Coal
Office Building
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
House: Goods or Service?
Goods
Service
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the fundamental problem of economics?
How to keep consumers out of debt?
How to fulfill our unlimited wants and needs with limited resources?
How to figure out the way to make the most money?
How do we ensure all people get a college education?
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