One of the problems with economics is that wants are unlimited.

PERSONAL FINANCE FINAL EXAM 2025 - True/False Questions

Quiz
•
Special Education
•
11th Grade
•
Hard
Mely Lizardo
FREE Resource
49 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods and services are produced through the use of economic resources.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Competition helps keep prices at a reasonable level.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity is a problem that is faced by individuals only, not by businesses or governments.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Food, clothing, and shelter are examples of basic wants.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Determining which of its citizens should benefit from the production of goods and services is something each nation must decide.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a system of capitalism, the government decides what will be produced with the resources available.
True
False
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