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Economic Thinking

Authored by Shannon Lane

Business

12th Grade

Used 7+ times

Economic Thinking
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a service?

A smartphone

A haircut

A book

A car

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered a need rather than a want?

Designer clothes

A holiday trip

Clean drinking water

A new video game

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Microeconomics primarily focuses on:

National unemployment rates

Individual consumer behaviour

Government fiscal policy

International trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of capital as an economic resource?

A factory building

A plot of land

A worker's skills

An entrepreneur's idea

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes a good?

A legal consultation

A medical check-up

A loaf of bread

A cleaning service

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a want?

Basic healthcare

Shelter

Education

A luxury car

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of labour as an economic resource?

Machinery

Office space

A software developer

Raw materials

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