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ISS Final Exam

Authored by Brendan Brooks

Social Studies

9th Grade

Used 7+ times

ISS Final Exam
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101 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Scarcity.

Fundamental economic problem of meeting people's virtually unlimited needs and wants with scarce resources.

basic requirement for survival, including food, clothing, and shelter.

tangible economic product that is useful, transferable to others, and used to satisfy wants and needs.

item that wears out, is used up, or lasts for fewer than three years when used regularly.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define economics.

Fundamental economic problem of meeting people's virtually unlimited needs and wants with scarce resources.

Social science dealing with how people satisfy seemingly unlimited and competing needs and wants with the careful use of scarce resources

Basic requirements for survival, including food, clothing, and shelter.

Something we would like to have but is not necessary for survival.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Need.

fundamental economic problem facing all societies resulting from a combination of scarce resources and people’s virtually unlimited needs and wants.

basic requirement for survival, including food, clothing, and shelter.

tangible economic product that is useful, transferable to others, and used to satisfy wants and needs.

item that wears out, is used up, or lasts for fewer than three years when used regularly.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define a Want.

Fundamental economic problem of meeting people's virtually unlimited needs and wants with scarce resources

Social science dealing with how people satisfy seemingly unlimited and competing needs and wants with the careful use of scarce resources

Basic requirement for survival, including food, clothing, and shelter

Something we would like to have but is not necessary for survival

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain a Good.

fundamental economic problem facing all societies resulting from a combination of scarce resources and people’s virtually unlimited needs and wants.

basic requirement for survival, including food, clothing, and shelter.

tangible economic product that is useful, transferable to others, and used to satisfy wants and needs.

item that wears out, is used up, or lasts for fewer than three years when used regularly.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Durable Good.

Tangible economic product that is useful, transferable to others, and used to satisfy wants and needs

Good that lasts for at least three years when used regularly

Item that wears out, is used up, or lasts for fewer than three years when used regularly

Good intended for final use by consumers other than business

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does nondurable mean?

fundamental economic problem facing all societies resulting from a combination of scarce resources and people’s virtually unlimited needs and wants.

basic requirement for survival, including food, clothing, and shelter.

tangible economic product that is useful, transferable to others, and used to satisfy wants and needs.

item that wears out, is used up, or lasts for fewer than three years when used regularly.

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