Ch. 1 What is Economics
Quiz
•
History
•
KG - University
•
Medium
Dan Regan
Used 376+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
work that is performed for someone
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
location or other mechanism that allows buyers and sellers to exchange a certain economic product
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an item that is economically useful or satisfies an economic want
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a measure of the amount of output produced by a given amount of inputs in a specific period of time
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the sum of the skills, abilities, health, and motivation of people
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Diagram representing maximum combinations of goods and/or services an economy can produce when all resources are fully employed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good that will not last three years
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