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Basic Economic Questions Quiz

Authored by MICHELLE HUEBEL

Social Studies

4th Grade

Used 1+ times

Basic Economic Questions Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the first basic economic question every society must answer?

What to produce?

How to produce?

When to produce?

For whom to produce?

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a capital good?

A good that is consumed by individuals

A good used to produce other goods

A good that lasts less than three years

A good that is intangible

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is an example of a service?

A teacher

A car

A smartphone

A book

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the second basic economic question?

What to produce?

How to produce?

For whom to produce?

Why to produce?

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a consumer good?

A good used to produce other goods

A good that is intangible

A good purchased for personal use

A good that lasts more than three years

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the third basic economic question?

What to produce?

How to produce?

For whom to produce?

Where to produce?

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a durable good?

A good used to produce other goods

A good that is intangible

A good that lasts more than three years

A good that lasts less than three years

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