What is the fundamental problem of economics?
What Is Economics?
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What Is Economics?
Quiz
•
Social Studies
•
5th - 7th Grade
•
Easy
Katelyn Mattingly
Used 27+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
labor
capital
utility
scarcity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You hire someone to cut your lawn.
Good
Service
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You pay your sister $5 to clean your messy bedroom.
Good
Service
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You take an airplane when you go on a trip.
Good
Service
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your brother sells you his old baseball mitt.
Good
Service
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A limited supply of goods and services
Consumption
Scarcity
Production
Distribution
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You buy an ice cream cone from an ice cream truck.
Good
Service
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