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WorksheetsUnit 3 Org Eco part 1
Total questions: 30
Worksheet time: 15mins
Name
Class
Date
1.
Which is the main purpose of the economy?
a)
To satisfy people's material needs
b)
To create goods and services
c)
To promote responsible consumption
d)
To regulate supply and demand
2.
What are goods in economic terms?
a)
Intangible products
b)
Services
c)
Tangible products
d)
Secondary needs
3.
What are services in economic terms?
a)
Tangible products
b)
Physical merchandise
c)
Intangible products
d)
Primary needs
4.
What do primary needs refer to?
a)
Goods and services necessary for survival
b)
Secondary needs
c)
Goods and services that improve wellbeing
d)
Goods and services for luxury
5.
What is responsible consumption about?
a)
Choosing environmentally friendly models
b)
Buying more goods and services
c)
Ignoring advertising
d)
Promoting overconsumption
6.
Who are the producers in the economy?
a)
People who create goods and services
b)
People who buy goods and services
c)
People who promote responsible consumption
d)
People who regulate supply and demand
7.
What does the demand represent in the economy?
a)
The amount of goods available
b)
The quantity of goods producers wish to sell
c)
The quantity of goods consumers wish to acquire
d)
The amount of money available for goods
8.
What are the three phases of economic activity?
a)
Production, Distribution, Consumption
b)
Supply, Demand, Distribution
c)
Goods, Services, Consumption
d)
Primary, Secondary, Tertiary
9.
How many main economic sectors are there?
a)
Two
b)
Three
c)
Four
d)
Five
10.
What does the primary sector involve?
a)
Providing services
b)
Transforming raw materials into goods
c)
Extracting raw materials from nature
d)
Advanced scientific and technical activities
11.
What is the main function of the economy?
a)
To satisfy people's needs in the forms of goods and services
b)
To regulate supply and demand
c)
To generate profit for companies
d)
To promote responsible consumption
12.
What is labour in terms of production factors?
a)
Natural elements extracted from nature
b)
The contribution of people to the production process
c)
Durable goods required for economic activity
d)
Scientific and technological developments
13.
What do direct costs in production relate to?
a)
Leasing of commercial premises
b)
Raw materials
c)
Technology and knowledge
d)
Labour
14.
What are people mainly used for in economic terms?
a)
To buy goods and services from companies
b)
To earn economic profit
c)
To ensure social wellbeing
d)
To regulate supply and demand
15.
What is the main aim of the state in economic terms?
a)
To ensure social wellbeing
b)
To earn a profit
c)
To produce and distribute goods
d)
To create companies
16.
What is an economic system?
a)
The set of rules and customs governing production and exchange of goods and services
b)
The system of supply and demand
c)
The production of goods and services
d)
The exchange of goods for money
17.
Which is the predominant form of economic system today?
a)
Feudalism
b)
Communism
c)
Capitalism
d)
Mercantilism
18.
Who was one of the main theorists of Capitalism?
a)
Karl Marx
b)
Adam Smith
c)
John Maynard Keynes
d)
Vladimir Lenin
19.
What does a contraction in economic cycles cause?
a)
Increase in economic activity
b)
Decrease in unemployment
c)
Decline in all economic activity
d)
Increase in the number of companies
20.
In which economic system does the state control the means of production and distribution?
a)
Capitalism
b)
Feudalism
c)
Centrally planned economic system
d)
Mixed economy
21.
What is considered a primary need?
a)
Furniture
b)
Vehicles
c)
Food
d)
Fashion
22.
What does the tertiary sector primarily provide?
a)
Raw materials
b)
Goods
c)
Services
d)
Technology
23.
What is a characteristic of secondary needs?
a)
They are necessary for survival
b)
They are used to generate new consumption habits
c)
They involve the extraction of raw materials
d)
They are not influenced by advertising
24.
In economic terms, what are services?
a)
Tangible products
b)
Intangible products
c)
Goods exchanged for money
d)
Physical merchandise
25.
How do producers earn a profit?
a)
By consuming goods and services
b)
Through the payment of money
c)
By creating goods and services
d)
By satisfying primary needs
26.
Which sector involves the extraction or collection of raw materials from nature?
a)
Secondary sector
b)
Tertiary sector
c)
Primary sector
d)
Quaternary sector
27.
What does technology and knowledge make more effective and efficient?
a)
Consumption
b)
Distribution
c)
Production
d)
Exchange
28.
Which economic agent aims to ensure social wellbeing, not earn a profit?
a)
Companies
b)
People
c)
The State
d)
Producers
29.
What economic system predominates in today's world?
a)
Communism
b)
Feudalism
c)
Capitalism
d)
Mixed economy
30.
In which century did capitalism first appear and spread?
a)
17th century
b)
18th century
c)
19th century
d)
20th century
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