business

business

8th Grade

•

33 Qs

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Assessment

Quiz

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English

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8th Grade

•

Practice Problem

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Medium

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masha masha

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33 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what are needs?

things that are needed to have

things that have a lot of priority in life

things that are necessary for survival, that we cannot live without

things that we would really like to have

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what are wants?

things that we would like to have, that are not necessary for survival

things that everyone has

things that people use everyday

things that are always needed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is scarcity?

when there are unlimited wants and unlimited resources

when there are unlimited wants that cannot be met by the limited resources

when there are limited wants and limited resources

when something is less than the other

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is the correct order?

choice, opportunity cost, scarcity

opportunity cost, choice

choice, scarcity, opportunity cost

scarcity, choice, opportunity cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

opportunity cost is defined as the next best alternative forgone, in terms of a choice made

true

false

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what are the 4 factors of production?

land, labor, capital, manager

land, labor, money, enterprise

land, labor, capital, enterprise

land, entrepreneur, money, products

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

land is all the natural resources that is used to make other goods and services.

what is an example of land?

fish

money

sheep

building

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