Unit 1 - Fundamentals of Economics (Review)

Unit 1 - Fundamentals of Economics (Review)

12th Grade

16 Qs

quiz-placeholder

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Unit 1 - Fundamentals of Economics (Review)

Unit 1 - Fundamentals of Economics (Review)

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Esteban Zamora

Used 2+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Need

Something necessary for
survival

Desires that be satisfied by
consuming a good, service, or
leisure activity.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Want

Something necessary for
survival

Desires that be satisfied by
consuming a good, service, or
leisure activity.

3.

CLASSIFICATION QUESTION

3 mins • 1 pt

Organize these options into the right categories

Groups:

(a) Need

,

(b) Want

Food

Phone

Media Image

Water

Xbox

Media Image

4.

DRAG AND DROP QUESTION

1 min • 1 pt

Goods are ​ (a)   products that ​ (b)   peoples wants or needs.

physical
actions
satisfy
serviced

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Services

Actions or activities performed for a fee that is satisfy peoples needs or wants

Physical products that satisfy people's wants or needs.

6.

DROPDOWN QUESTION

1 min • 1 pt

Scarcity is the (a)   availability of resources relative to unlimited wants.​

limited
maximum

7.

CLASSIFICATION QUESTION

3 mins • 1 pt

Organize these options into the right categories

Groups:

(a) Land

,

(b) Labor

,

(c) Capital

cow

Artist

Teacher

lake

Farmer

Computer
Media Image

Machine

Hammer

Factory
Robot

mountain

Engineer

river

Mechanic

Media Image
Media Image

field

forest

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