G09 - BIZ Q1 Reviewer

Which is the example of public wants?

• Gadgets

• House and Lot

• Car

• Highways

The more money you make, the more ______ or ______ you want.

• Food & Money

• Demand & Supply

• Goods & Services

• Needs & Goods

It is a shortage of resources.

• Scarcity

• Resource

• Supply

• Demand

These are widely shared by many people.

• Wants

• Goods

• Services

• Public wants

It refers to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.

• Scarcity

• Resource

• Supply

• Demand

Things that add comfort and pleasure to your life.

• Needs

• Wants

• Services

• Goods

All of the following are examples of needs except one.

• Clothing

• Shelter

• New phone

• Water

Which of the following is an example of service?

• Gadgets

• Books

• Groceries

• Haircut

It describes the total amount of a specific good or service that is available to consumers.

• Demand

• Scarcity

• Supply

• Resource

Which one of the following is a need?

• Roller skates

• Food

• Bike

• Cat