Unit 1b Quiz

Unit 1b Quiz

9th - 12th Grade

16 Qs

quiz-placeholder

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Unit 1b Quiz

Unit 1b Quiz

Assessment

Quiz

Business

9th - 12th Grade

Easy

Created by

Amy Wolford

Used 8+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is scarcity?

Having unlimited resources to meet every need

Having enough resources to meet every need

Not having enough resources to meet every need

Having equal resources to meet every need

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are capital resources?

Goods and services produced by people

Items that come from nature

Anything used in the production of goods and services that is related to money

People who make or provide goods and services

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are human resources?

Goods and services produced by people

Items that come from nature

Anything used in the production of goods and services that is related to money

People who make or provide goods and services

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are natural resources?

Goods and services produced by people

Items that come from nature

Anything used in the production of goods and services that is related to money

People who make or provide goods and services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy allows freedom to buy and sell things with very little government intervention?

Capitalism

Communism

Socialism

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy has government intervention in an attempt to make everyone equal?

Socialism

Communism

Capitalism

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy has a lot government intervention with no competition?

Socialism

Communism

Capitalism

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