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Unit 1 Pop Quiz

Authored by Tar-shae' Odom

Social Studies

12th Grade

Used 2+ times

Unit 1 Pop Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What is an economic want?

Things people need in order to survive.

Things people would like to have, but aren't necessary for survival

Things people don't want anymore.

2.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Iron, minerals, coal and plants are examples of which productive resource?

land
labor
entrepreneurship
capital

3.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Land includes...

The "gifts of nature" or natural resources not created by human effort.

the tools, equipment, and factories used in production of goods and services

people with all their efforts and abilities

individuals who start a new business or bring a product to market.

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

__________ The entrepreneur combines natural resources, labor, and capital to produce a good or service.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Because of scarcity, people are forced to make _________ about how to use resources.

Choices

Opportunities

Analyses

Investments

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

Who is your favorite teacher?

The Econ GOAT

Coach Russo

That guy that teaches economics and coaches basketball

All of the above.

7.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Capital refers to...

The "gifts of nature" or natural resources not created by human effort.

people with all their efforts and abilities

the tools, equipment, and factories used in production of goods and services

individuals who start a new business or bring a product to market.

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