The nature of economic problem
Authored by Mai Asi
Other
9th Grade
Used 154+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why will scarcity continue to be a problem in the future?
World population will fall
Wants will continue to increase
Price will rise
The quantity of resources will decline
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following is a free good?
Wind coming from the sea
Inoculation provided without charge by the state
Recycled paper
Products given away by a supermarket to attract customers
3.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
These are called factors used to produce goods and services
(a)
4.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
Unlimited wants exceeding finite resources
(a)
5.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
A situation where there is not enough resources to satisfy everyone's wants.
(a)
6.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
A product which requires resources to produce it and therefore has an opportunity cost
(a)
7.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
It exist without the use of resources
(a)
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