What is Economics Review
Authored by Michael Coombe
Social Studies
11th Grade
Used 21+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Economics is
People trying to satisfy their needs by making choices
Business operations
Charts and Graphs
The study of currency and geopolitics
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Scarcity is
Limited resources to fulfill unlimited needs
A scary city
People not getting what they want
The problem of human happiness
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Food Shelter and Clothing are
Needs
Wants
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A want is something you need to survive
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Land, Labor, and Capital are
Wants
Needs
Scarcity
The factors of production
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Human Capital is Knowledge Skills and Experience someone posses
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
the tools and materials used to produce goods are called
physical capital
human capital
Land
Labor
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