CE.11 and 12 Key terms

CE.11 and 12 Key terms

7th Grade

27 Qs

quiz-placeholder

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CE.11 and 12 Key terms

CE.11 and 12 Key terms

Assessment

Quiz

History

7th Grade

Medium

Created by

Lisa Dotson

Used 2+ times

FREE Resource

27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the inability to satisfy all wants at the same time.

production

demand

scarcity

resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

factors of production that are used in the production of goods and services.

consumption

resources

profit motive

competition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

choice

opportunity cost

supply

production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is given up when a choice is made

consumption

choice

scarcity

opportunity cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the combining of human, natural, capital, and entrepreneurship resources

to make goods or provide services.

consumption

production

scarcity

competition

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the using of goods and services.

production

resources

choice

consumption

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

type of economy when decisions are based on custom and historical precedent

and people often perform the same type of work as their parents and grandparents.

free market

traditional

command

mixed

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