Lesson 1 Economics
Authored by Room Two
Social Studies, Geography, History
6th - 8th Grade
Used 6+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What do economists mean by the term "scarcity"?
Having too few or too little of resources
Having too many resources
Having just enough resources
Having the correct amount of resources
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which choice best describes the economic problem of scarcity in the world?
People have limited wants there is an unlimited amount of resources.
People have unlimited wants but there is a limited amount of resources
People have no wants so resources don't matter
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
These are resources people use to make goods and services.
Productive Resources
Economic Resources
Financial Resources
Basic Resources
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
These productive resources are raw materials that come from nature or the earth that people use to make goods.
Natural Resources
Human Resources
Capital Resources
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
These productive resources are goods made to produce for goods and provide more services.
Natural Resources
Human Resources
Capital Resources
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following are examples of goods?
Apples, Computers, Clothing
Firemen, Police Officers, Soldiers
Health, Love, Friendship
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following are examples of services?
Apples, Computers, Clothing
Firemen, Police Officers, Soldiers
Health, Love, Friendship
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