Intro to Econ vocabulary
Authored by Donna Sanders
Social Studies
9th - 12th Grade
Used 3+ times
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13 questions
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1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following are examples of needs
I-Phone
Food
Work
Crunchwrap Supreme
Shelter
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The condition that results from society not having enough resources for both wants and needs
Economics
There Is No Such Thing As A Free Lunch
Scarcity
Opportunity Costs
3.
OPEN ENDED QUESTION
30 sec • 1 pt
Explain the economic concept of "There is No Such Thing As a Free Lunch"
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4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Because we live in a society of scarce resources, what are the three basic questions surrounding production?
What to produce
How fast to produce
How expensive to produce
How to produce
For whom to produce
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following are examples of wants
Shelter
Pizza
Vans shoes
Clothing
Food
6.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
This social science is the study of how people try to satisfy what appears to be seemingly unlimited and competing wants, through the careful use of relatively scarce resources.
(a)
7.
OPEN ENDED QUESTION
1 min • 1 pt
BONUS: How is economics fundamentally about choices?
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