Economics

Economics

3rd Grade

13 Qs

quiz-placeholder

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Assessment

Quiz

Business

3rd Grade

Medium

Created by

Dom Sheehan

Used 3+ times

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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

pick out the one which is not a core need

Shelter

food

water

social life

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which one is not a want

fast car

yacht

mansion

shelter

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is the economic problem

unlimited wants and needs v scarce resources

limited wants and needs v scarce resources

unlimited wants and needs v plentiful resources

there is no economic problem

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main questions to ask relating to production

what, how , for whom

why , how , for whom

what , why , for whom

what , how, why

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

name the 5 factors of production

land , labour, capital , enterprise , environment

land, labour , capital , enterprise , ethical

land , education, capital , enterprise , environment

land , labour ,money, enterprise , environment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

economists are specialists that do what ?

look at the relationship between society resources and its production / output

print money

raise interest rates

payback government debt

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what type of economic system does north korea have

mixed economy

free economy

centrally planned

laisse

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