What is the definition of scarcity?

Unit 1 Economics Final Exam Review

Flashcard
•
Social Studies
•
12th Grade
•
Hard
Quizizz Content
FREE Resource
Student preview

81 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
Unlimited human wants vs. a limited supply of resources.
2.
FLASHCARD QUESTION
Front
What is the implication of scarcity?
Back
Every choice involves trade-offs because resources are finite.
3.
FLASHCARD QUESTION
Front
Fill in the blank: Human resources are efforts (both physical and mental) provided by _____
Back
people
4.
FLASHCARD QUESTION
Front
Which of the following is an example of a human resource? Your ability to work, think, and create. Machinery. Solar energy. A car.
Back
Your ability to work, think, and create.
5.
FLASHCARD QUESTION
Front
What are natural resources?
Back
"Gifts of nature" that can be used for production.
6.
FLASHCARD QUESTION
Front
Which of the following is a renewable resource? Solar energy, Fossil fuels, Machinery, Haircuts
Back
Solar energy
7.
FLASHCARD QUESTION
Front
Exhaustible resources are limited and can be depleted.
Back
True
Create a free account and access millions of resources
Similar Resources on Quizizz
79 questions
IB Microeconomics Terms Flashcards

Flashcard
•
12th Grade
73 questions
Economics 2nd Quarter Exam 2025

Flashcard
•
12th Grade
73 questions
Econ Final Fall 2024

Flashcard
•
9th - 12th Grade
77 questions
Entrepreneurship Final Exam

Flashcard
•
11th Grade
75 questions
Marko's Practice for final

Flashcard
•
9th - 12th Grade
82 questions
Supply, Demand, and Economic Choices

Flashcard
•
12th Grade
69 questions
AP Macro Unit 2

Flashcard
•
12th Grade
84 questions
KIRIAN Economics Final Exam Review

Flashcard
•
9th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for Social Studies
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
65 questions
MegaQuiz v2 2025

Quiz
•
9th - 12th Grade
10 questions
GPA Lesson

Lesson
•
9th - 12th Grade
15 questions
SMART Goals

Quiz
•
8th - 12th Grade
45 questions
Week 3.5 Review: Set 1

Quiz
•
9th - 12th Grade