Basic Concepts of Economics

Basic Concepts of Economics

11th Grade

15 Qs

quiz-placeholder

Similar activities

Economics - Perfect Competition

Economics - Perfect Competition

10th Grade - University

15 Qs

Unit 2: Cost & Profits

Unit 2: Cost & Profits

9th - 12th Grade

20 Qs

pricing review

pricing review

9th - 12th Grade

10 Qs

basic concepts of economics class 11

basic concepts of economics class 11

11th Grade

17 Qs

Understanding Economic Concepts and Choices

Understanding Economic Concepts and Choices

11th Grade - University

15 Qs

Ch 4-1 Vocab: Create a Quiz

Ch 4-1 Vocab: Create a Quiz

5th Grade - University

11 Qs

ECON 5.2

ECON 5.2

9th - 12th Grade

10 Qs

Supply and Demand Quiz

Supply and Demand Quiz

9th - 12th Grade

10 Qs

Basic Concepts of Economics

Basic Concepts of Economics

Assessment

Quiz

Business

11th Grade

Medium

Created by

Purvi Parsana

Used 339+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The wish to have something is_

Desire

Want

Need

Demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Effective efforts put to acquire something will be_

Want

Desire

Need

Demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Willingness to pay for the want is_

Need

Desire

Demand

Show off

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things require to survive are categorised as_

Demands

Wants

Needs

Desires

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a classification of Wants

Necessities

Luxuries

Comforts

Secondary

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a feature of Wants

Recur

Competitive

Complementary

Limited

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Services are _

Tangible

Non-tangible

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?