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Economics Final

Authored by Lane Scott

History

9th Grade

Used 5+ times

Economics Final
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31 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Desires that can be satisfied by consuming a good or service

Wants

Goods

Positive Economics

Opportunity Cost

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things necessary for survival (Food, Clothing, Housing)

Services

Needs

Positive Economics

Opportunity Cost

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A situation that exists when there are not enough resources to meet human wants

Producer

Scarcity

Marginal Cost

Economics

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of how people will choose to use their scarce resources in order to satisfy their wants

Producer

Economics

Macroeconomics

Marginal Benefit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Physical objects that can be purchased

Services

Needs

Scarcity

Goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Work which one person performs for payment

Services

Goods

Marginal Benefit

Producer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who buys a good/service for personal use

Consumer

Utility

Goods

Factors of Production

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