Business Essentials - 2.02C Economics and Economic Activities

Business Essentials - 2.02C Economics and Economic Activities

Assessment

Flashcard

Business

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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20 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Into what two categories can wants be divided? Unlimited and noneconomic, Economic and noneconomic, Unlimited and limited, Unlimited and economics

Back

Economic and noneconomic

2.

FLASHCARD QUESTION

Front

Seeing a movie at a theater would be considered a(n) __________ want.

Back

economic

3.

FLASHCARD QUESTION

Front

Friendship would be considered a(n) __________ want.

Back

noneconomic

4.

FLASHCARD QUESTION

Front

Which of the following groups of words best describes wants:
Limited, changing, and compensating; Limited, unchanging, and competing; Unlimited, unchanging, and compensating; Unlimited, changing, and competing

Back

Unlimited, changing, and competing

5.

FLASHCARD QUESTION

Front

Water and air are examples of __________ resources, while people are considered to be __________ resources.

Back

natural; human

6.

FLASHCARD QUESTION

Front

In economics, capital goods include

Back

buildings and equipment.

7.

FLASHCARD QUESTION

Front

Why are resources considered limited?

Back

There are not enough available for everyone to have as much of them as desired.

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