Economic Thinking
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Easy
Shannon Lane
Used 5+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a service?
A smartphone
A haircut
A book
A car
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered a need rather than a want?
Designer clothes
A holiday trip
Clean drinking water
A new video game
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Microeconomics primarily focuses on:
National unemployment rates
Individual consumer behaviour
Government fiscal policy
International trade
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of capital as an economic resource?
A factory building
A plot of land
A worker's skills
An entrepreneur's idea
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes a good?
A legal consultation
A medical check-up
A loaf of bread
A cleaning service
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a want?
Basic healthcare
Shelter
Education
A luxury car
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of labour as an economic resource?
Machinery
Office space
A software developer
Raw materials
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