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SOL 11a reading comprehension questions

Authored by Ernest Harden

Social Studies

8th Grade

Used 6+ times

SOL 11a reading comprehension questions
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do people all over the world decide?

how to use the limited resources around them,

the ownership of resources,

 how to use the marketplace for the distribution of goods and services

All of them

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is a marketplace?

the commercial activity of buying and selling goods and services.

a particular place like a national or world market or it can refer to a group of people that buy or sell a product or service.

The goods and services we want or need may exceed our ability to produce them.

Factors of production such as land, labor, and money that are used in the production of goods and services are called resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is scarcity?

the inability to satisfy all wants at the same time

Factors of production such as land, labor, and money that are used in the production of goods and services are called resources.

A term that refers to the commercial activity of buying and selling goods and services.

 Whenever we make a choice, we are actually making two choices

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does scarcity cause individuals and businesses to do?

 must make difficult choices

combining of human, natural, capital, and entrepreneurship resources to make goods or provide services.

purchase and use goods and services

what is given up (second best alternative) when a choice is made

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are resources?

Factors of production such as land, labor, and money that are used in the production of goods and services

purchasing and using of goods and services

the inability to satisfy all wants at the same time.

a particular place like a national or world market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are four types of resources?

natural, human, capital, and entrepreneurship. 

goods and services

consumer preferences determine what is purchased and consumed.

electricity, magnetism, wind, rain

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is choice?

selecting an item from a set of possible alternatives.

consumer preferences

things that incite or motivate

combining resources to make goods or provide services

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