
POB Chapter 1.2 Review
Authored by Erin ALLEMAND
Business
9th - 12th Grade
Used 421+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The basic economic problem is that consumers do not have enough products or services to choose from.
true
false
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
____ means not having enough resources to satisfy every need.
Opportunity cost
Scarcity
Trade-off
Economic resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity forces you to make ____
choices
resources
money
none of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ is the process of choosing which needs and wants will be satisfied.
Opportunity cost
Economic resource
Production
Economic decision making
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you give something up in order to have something else, you are making a(n) ____.
economic resource
opportunity cost
trade-off
want
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You decide to buy a new video game instead of buying a new pair of pants. What is the trade-off in this example?
the new pair of pants
the new video game
the money you're spending
all of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The value of the next-best alternative that you were not able to choose is known as the ____.
trade-off
scarcity
economic resource
opportunity cost
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
Personal Entrepreneurial Competencies (Achievement Cluster)
Quiz
•
7th - 12th Grade
16 questions
Quality quiz
Quiz
•
12th Grade
10 questions
Continuous Improvement and Innovation
Quiz
•
12th Grade
15 questions
Manufacturing Costs Quiz
Quiz
•
10th Grade - University
15 questions
Role of Finance
Quiz
•
12th Grade
15 questions
Organisational Charts
Quiz
•
10th - 11th Grade
10 questions
Market Research (YR 10)
Quiz
•
10th Grade
15 questions
PESTLE + C version 2
Quiz
•
12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
10 questions
Probability Practice
Quiz
•
4th Grade
15 questions
Probability on Number LIne
Quiz
•
4th Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
6 questions
Appropriate Chromebook Usage
Lesson
•
7th Grade
10 questions
Greek Bases tele and phon
Quiz
•
6th - 8th Grade