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Business and Econ Week 3 Quiz

Total questions: 15

Worksheet time: 4hrs 45mins

Name
Class
Date
1.

A need is something that is (a)   for life.

2.

A want is a (a)   .

3.

Would this be considered a need or want?

a)

Need

b)

Want

4.

Would this be considered a need or want?

a)

Need

b)

Want

5.

Would this be considered a need or want?

a)

Need

b)

Want

6.

Would this be considered a need or want?

a)

Need

b)

Want

7.

What do businesses and governments provide to satisfy our needs and wants?

a)

Groceries

b)

Natural resources

c)

Goods and Services

d)

Education

8.

Does a Dentist provide a good or service?

a)

Good

b)

Service

9.

Does a farmer provide a good or service?

a)

Good

b)

Service

10.

Does this image show goods or services?

a)

Goods

b)

Services

11.

What are the three economic resources?

a)

Natural, Human and Capital

b)

Goods, services and production

c)

Grain, trucks and office workers

d)

Needs, wants and services.

12.

This is an example of what economic resource?

a)

Human

b)

Capital

c)

Natural

13.

This is an example of what economic resource?

a)

Human

b)

Capital

c)

Natural

14.

This is an example of what economic resource?

a)

Human

b)

Capital

c)

Natural

15.

This is an example of what economic resource?

a)

Human

b)

Capital

c)

Natural