Unit 4: Understanding Economics

Unit 4: Understanding Economics

17 Qs

quiz-placeholder

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Unit 4: Understanding Economics

Unit 4: Understanding Economics

Assessment

Quiz

others

Easy

Created by

Kelsey Penrod

Used 8+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things that people do for others are referred to as
goods
factors of production
services
scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a factor of production
land
labor
scarcity
capital goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an entrepreneur?
a person who works for a company
an owner of a business
an items needed to make a product
raw materials

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

material things that people buy are known as
goods
services
land
labor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following could be considered "land" on a construction site?
a bulldozer
a construction worker
a hard hat
lumber

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be considered a "capital good" at a bakery?

flour

oven

icing

the baker

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be considered the "labor" at a car dealership?

the salesman

the cars

the parking lot

the price tag

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