(Micro 1.1) Thinking Like an Economist - Scarcity
Interactive Video
•
Social Studies
•
9th - 12th Grade
•
Easy
JOSHUA MIZE
Used 1+ times
FREE Resource
6 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 1 pt
Where would the armor go? Why?
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2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why should you learn about economics?
Understanding economics leads to building wealth.
You'll be smarter than your friends about the stock market.
Thinking like an economist will help you be a better decision maker.
Because Mr. Mize said so.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "guns and butter" stand for?
People should buy more guns than butter.
Choosing to spend on military goods or consumer goods.
These are the two necessities for a military to be effective.
You used to lubricate guns with butter, making butter a valuable commodity because of its dual purpose.
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the three factors of production?
Land
Money
Capital
Labor
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the most fundamental issue that economics addresses?
Choice of appropriate technology.
Promotion of privatization.
Reduction of budget deficit.
Use of scarce resources.
6.
OPEN ENDED QUESTION
3 mins • 1 pt
Why does scarcity exist?
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