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11A 12B Supply and Demand

Authored by Nicholas Fawcett

Social Studies

8th Grade

14 Questions

11A 12B Supply and Demand
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Trees would be an example of what resource?

Capital

Human

Natural

Entrepreneurial

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A truck would be an example of what type of resource?

Natural

Human

Capital

Entrepreneurial

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the process of combining resources to produce a good and/or service

Consumption

Distribution

Demand

Production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What you must give up when you chose one thing over another is called-

Opportunity Cost

Capital

Supply and Demand

Price

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is consumption?

Making of goods

Using of goods and services

Price

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When one cannot satisfy all wants at the same time, there is__________

Scarcity

Supply

War

Inflation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You have a ________ when selection an item or action from a set of possibilities

Treaty

Choice

Vision

None of the above

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