ALLEN-CE. 11a, b, and 12a Homework

ALLEN-CE. 11a, b, and 12a Homework

6th - 8th Grade

20 Qs

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ALLEN-CE. 11a, b, and 12a Homework

ALLEN-CE. 11a, b, and 12a Homework

Assessment

Quiz

Social Studies

6th - 8th Grade

Practice Problem

Medium

Created by

Isaiah Allen

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT one of the basic questions of economics?

What will be produced?

How will it be produced?

What will it be produced with?

For whom will it be produced?

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

___________________ is the inability to satisfy all wants at the same time.

Scarcity

Resources

Choice

Production

3.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Resources are factors of production that are used in the production of goods and services. Please select the 4 types of resources.

Natural

Human

Capital

Time

Entrepreneurship

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_________________ is selection of an item or action from a set of possible alternatives.

Production

Scarcity

Resources

Choice

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_______________ ______________is what is given up when a choice is made (the second best alternative).

Opportunity cost

Supply and Demand

Free Market

Mixed Economy

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_______________ is the combining of human, natural, capital, and entrepreneurship resources to make goods or provide services.

Choice

Production

Consumption

Resources

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_________________ is the using of goods and services.

Consumption

Resources

Scarcity

Production

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