Desires that can be satisfied by consuming a good or service
Economics Final
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Economics Final
Quiz
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History
•
9th Grade
•
Easy
Lane Scott
Used 5+ times
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31 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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