What are the three basic needs of all humans?

Economic Activities and Subsistence Economy

Quiz
•
Business
•
8th Grade
•
Easy
Amal Bissessar
Used 1+ times
FREE Resource
17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Books, electricity, friends
Air, love, clothing
Food, water, shelter
Internet, education, transportation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the characteristics of a subsistence economy?
Producing enough to meet basic needs without surplus for trade, simple technology, self-sufficiency, survival focus
Complex technology
Luxury focus
High surplus for trade
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a subsistence economy impact a community?
A subsistence economy impacts a community by focusing on producing enough food, goods, and services to meet the basic needs of its members.
A subsistence economy promotes economic growth and development
A subsistence economy leads to excessive consumption of resources
A subsistence economy encourages reliance on external aid
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are some challenges in meeting basic needs in a subsistence economy?
Consistent weather conditions
Limited access to resources, lack of infrastructure, unpredictable weather conditions, minimal opportunities for economic growth
Well-established infrastructure
Abundant access to resources
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of government in economic activities?
To distribute wealth equally among citizens
To control all aspects of production and consumption
To eliminate competition in the market
To create and enforce regulations, provide public goods and services, manage monetary policy, and address market failures.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the concept of barter.
Barter involves three parties exchanging goods
Barter is a modern financial system
Barter is a direct exchange of goods or services between two parties without using money.
Barter is a form of currency exchange
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does direct production differ from other economic activities?
Direct production involves bartering goods, while other economic activities involve using currency.
Direct production is only done by large corporations, while other economic activities are done by individuals.
Direct production is a modern concept, while other economic activities are traditional practices.
Direct production is self-consumption, while other economic activities involve exchange for money.
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