SS9-INTRO TO ECO, NEEDS AND WANTS
Authored by TEACHER ROSE
Social Studies
9th Grade
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a science which studies how individuals and society generally make choices that involve the use of scarce resources from among alternative wants that need to be satisfied.
Benefits
Choices
Economics
Trade-off
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It refers to the fact that society has limited resources and therefore some goods and services that people want cannot be produced.
Benefits
Cost
Economics
Scarcity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is forgone or sacrificed in every economic decision made?
Benefits
Economics
Shortage
Opportunity Cost
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are things that make life more convenient or that give happiness or prestige.
Benefits
Choices
Wants
Needs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are commodities necessary for survival.
Benefits
Choices
Needs
Wants
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the gain from choices.
Benefits
Cost
Individual Choice
Social Choice
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a decision made by people acting separately from one another.
Benefit
Cost
Individual Choice
Social Choice
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