What is the primary cause of economic problems according to the video?

Economic Concepts and Production Factors

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Business
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9th - 10th Grade
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Hard

Patricia Brown
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limited wants
Unlimited resources
Scarcity of resources
Excessive production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a factor of production in the CELL mnemonic?
Labor
Logistics
Enterprise
Capital
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What distinguishes economic goods from free goods?
Free goods require payment
Economic goods are limited in supply
Free goods are limited in supply
Economic goods are unlimited in supply
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which question is NOT one of the basic economic questions discussed?
Where to produce?
How to produce?
What to produce?
For whom to produce?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the video, what is the difference between goods and services?
Both are non-physical items
Goods are physical, services are non-physical
Goods are non-physical, services are physical
Both are physical items
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is considered a 'need' according to the United Nations Declaration of Human Rights?
Luxury car
Basic education
Designer clothing
Vacation home
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which sector of the economy involves transforming raw materials into finished products?
Primary sector
Secondary sector
Tertiary sector
Quaternary sector
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