Real ECON Exam 🏆

Real ECON Exam 🏆

8th Grade

29 Qs

quiz-placeholder

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Real ECON Exam 🏆

Real ECON Exam 🏆

Assessment

Quiz

Business

8th Grade

Easy

Created by

Ashley Tobey

Used 1+ times

FREE Resource

29 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Resources are _________.
Scarce
Plentiful

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People ___________ have everything they want.
can
can't

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A pair of $150 Nike shoes is an example of a ____________.
need
want

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every choice involves a(n) __________.

opportunity cost
benefit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People's skills and knowledge are examples of ___________ resources.
capital
human
Natural

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you buy clothes, you are buying a ____________.

good
service

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you decide to play basketball, your next best alternative choice (example: watching TV instead) would be called the __________.

Opportunity Cost
Tradeoff
Resource
Needs and Wants

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