
Ch 01 Economic Decisions and Systems
Quiz
•
Business
•
9th Grade
•
Practice Problem
•
Easy
Jon Larson
Used 50+ times
FREE Resource
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49 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things that are required in order to live are known as wants.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods and services are purchased by businesses as well as by individuals.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buildings, equipment, and supplies are examples of natural resources.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All economic resources have a limited supply.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The basic economic problem results from not having enough resources to satisfy every need.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The final step in the decision-making process is to select the best choice from among the alternatives.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Although all nations differ in the type and amount of economic resources they have, they all have the same economic needs.
True
False
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