Economics - Scarcity

Economics - Scarcity

10th - 12th Grade

17 Qs

quiz-placeholder

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Economics - Scarcity

Economics - Scarcity

Assessment

Quiz

Social Studies

10th - 12th Grade

Practice Problem

Medium

Created by

Jacob Dawson

Used 94+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of how people choose to use scarce resources to satisfy their wants.

Needs assessment

Capitalism

Economics

Socialism

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______ exists when there is not enough resources to satisfy human wants

Scarcity

Communism

Social Darwinism

Population control

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Desires that can be satisfied by consuming a good or service.

needs

wants

satisfaction

respect

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things, such as food, clothing or shelter, that are necessary for survival..

needs

wants

satisfaction

respect

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not one of the 3 main economic questions?

What will be produced?

Where will it be produced?

How will it be produced?

For whom will it produced?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Benefits offered to encourage people to act in certain ways.

incentives

utility

economize

inspiration

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Benefit gained from using a good or service

incentives

utility

economize

inspiration

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