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Test Vocabulary Chapter 1 (Economics)
Quiz
•
Financial Education
•
9th - 12th Grade
•
Practice Problem
•
Medium
Coach Wilson
Used 12+ times
FREE Resource
Enhance your content in a minute
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
human-made resource that is used to produce other goods and services
capital
goods
services
need
want
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
essential for survival
capital
goods
services
need
want
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
actions or activities that one person performs for someone else
capital
goods
services
need
want
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
physical objects that someone produces
capital
goods
services
need
want
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
a desire but that is not necessary for survival
capital
goods
services
need
want
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
use of resources that maximizes output
factors of production
land
labor
efficiency
economics
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
natural resources used to produce goods and services
factors of production
land
labor
efficiency
economics
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