Economics Test Prep
Authored by Elizabeth Schilens
Social Studies
5th Grade
Used 17+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Resources that come from nature. These can be traced back to the earth and include animals.
Opportunity cost
Earth resources
Capital resources
Natural resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of goods or services available
Demand
Scarcity
Supply
Capital resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The degree of desire for a good or service
Demand
Supply
Opportunity Cost
Productive Capacity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The distribution of tasks among members of a group to increase productive capacity.
Natural resources
Capital resources
Division of Labor
Productive capacity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The maximum amount of a good or service that can be produced
Natural resources
Productive capacity
Division of Labor
Scarcity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Focusing on one specific area of study or work
Division of Labor
Specialization
Human resources
Opportunity cost
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Materials such as tools or equipment necessary to produce a good or service
Capital Resources
Human Resources
Supply
Productive Capacity
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