What is Economics?
Authored by Wayground Content
Social Studies
10th - 12th Grade
Used 11+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of human capital?
Education and skills
Raw materials
Land
Machinery
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of capital in production?
To provide labor
To offer natural resources
To supply tools and machinery
To innovate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a factor of production?
Technology
Labor
Transportation
Marketing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of a 'need' in economics?
Something essential for survival
Something desired for luxury
Something that is produced
Something that can be traded
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is land?
A place to farm
All the natural resources used to make goods
A necessary resourec
Third factor of production
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of technology in production?
To enhance efficiency
To supply capital
To provide labor
To offer natural resources
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a service?
Mining
Carpentry
Banking
Farming
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