Chapter 1 Economic Decisions and Systems

Chapter 1 Economic Decisions and Systems

9th - 11th Grade

15 Qs

quiz-placeholder

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Chapter 1 Economic Decisions and Systems

Chapter 1 Economic Decisions and Systems

Assessment

Quiz

Business

9th - 11th Grade

Practice Problem

Medium

Created by

Courtney Alexander

Used 156+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Process of choosing which needs and wants will be satisfied

wants

needs

economic decision making

economic resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals and organizations that determine what products and services will be available for sale

consumer

producers

managers

entrepreneurs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The method a country uses to answer the three economic questions

economic system

captilism

market price

trade-off

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things available to be used to produce goods and services

goods

market price

demand

economic resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things that are required in order to live

needs

wants

chocolate

luxuries

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Not having enough resources to satisfy every need

needs

wants

scarcity

luxuries

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Quantity of a good or service that businesses are willing and able to provide

demand

supply

scarcity

wants

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