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WorksheetsYear 9 Business Economics Revision
Total questions: 11
Worksheet time: 9mins
Why Study Economics?
I have to do it
I want to learn about the stock market
To learn how to deal with scarcity
What is Scarcity?
Needs and Wants
Unlimited Needs and Wants
When something is in short supply
When something is rare and expensive
What is macroeconomics
the branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity
the branch of economics concerned with medium-scale economic factors, such as cryptocurrency
the part of economics concerned with single factors and the effects of individual decisions.
the part of economics concerned with single factors and the effects of group decisions.
What is microeconomics
the branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity
the branch of economics concerned with medium-scale economic factors, such as cryptocurrency
the part of economics concerned with single factors and the effects of individual decisions.
the part of economics concerned with single factors and the effects of group decisions.
Identify the need in this list
Pure Oxygen
Water
Carbonated Water
Day Spas
Goods are items that people make or use to satisfy their _____ and ____
(a)
Economic Choice is the choice of or decision among alternatives or p (a)
Opportunity Cost is the next best choice that is given up when a decision is (a)
When people make choices, they cannot have everything they want. This means they have to give something up. What is this called?
(a)
Why do people have to make economic choices? People must make economic choices because resources are (a)
Looking at the diagram, what would the popcorn, Toy and save for the future be known as?
(a)
