Economic Decision Making

Economic Decision Making

8th - 12th Grade

8 Qs

quiz-placeholder

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Economic Decision Making

Economic Decision Making

Assessment

Quiz

Professional Development

8th - 12th Grade

Practice Problem

Medium

Used 40+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a need?

Things that are not necessary for survival, but add comfort to your life.
Things required to live.
Things you can see or touch.
Actvities that are consumed at the same time they are produced.

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are goods?

Things required to live.
Activities that are consumed at the same time they are produced.
Things you can see and touch.
Things that are not necessary for survival.

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a need?

Haircut
Smart Phone
Housing
Socks

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a service?

Things that are not necessary for survival.
Activities that are consumed at the same time they are produced.
Things you can see and touch.
Things required to live.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following describes a natural resource?

Tools
Money
Labor
Iron

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Capital resources include which of the following?

Equipment
Oil
Labor
People

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An example of a human resource is which of the following?

Wood
Supplies
Labor
Money

8.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The process of deciding alternatives to certain wants to determine which is best is called?

Needs
Decision Making
Goods
Capital Resources