Unit Test 3 Review
Authored by Katelynn Swanson
Social Studies
9th - 12th Grade
Used 6+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is economics?
The study of producing and consuming money and stocks.
The study of producing and consuming goods and services.
The study of consuming goods and services.
The study of producing goods and services.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are goods?
physical items that are produced or sold
tasks that are completed by a company for payment
a provider of goods and services
a user of goods and services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are services?
physical items that are produced or sold
tasks that are completed by a company for payment
a provider of goods and services
a user of goods and services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a producer?
physical items that are produced or sold
tasks that are completed by a company for payment
a provider of goods and services
a user of goods and services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consumer?
physical items that are produced or sold
tasks that are completed by a company for payment
a provider of goods and services
a user of goods and services
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is scarcity?
the condition that results from society not having enough resources to produce all the things people would like to have.
the condition that results from society having too many resources to produce all the things people would like to have.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an economist?
A person who studies how people satisfy limited and varying wants with the careful use of scarce resources.
A person who studies how people satisfy unlimited and competing wants with the careful use of scarce resources.
A person who studies how people satisfy limited and competing wants with the careful use of scarce resources.
A person who studies how people satisfy unlimited and varying wants with the careful use of scarce resources.
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