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- 1. Multiple Choice
Which is not a game?
basketball
baking
checkers
hockey
- 2. Multiple Choice
Which do all players in every game have?
a team
a position
a score
a role
- 3. Multiple Choice
Which is a feature that is common to all games?
a playing field
a team
a score
an outcome
- 4. Multiple Choice
In the game of economics, which word is used to describe actions that other people value?
goods
resources
services
goals
- 5. Multiple Choice
Which does not take place in the game of economics?
production
evaluation
consumption
distribution
- 6. Multiple Choice
Which situation demonstrates meeting the goal of efficiency?
when you do something with as little waste as possible
when you allocate resources to people who deserve them
when you use up all of the available resources
when you make sure you produce as much of something as possible
- 7. Multiple Choice
Which best explains why not all goals in economics can be met?
Some goals are not worthy of pursuing.
Not all people know what their economic goals are.
Some goals are incompatible with each other.
Only certain goals can be understood in monetary terms
- 8. Multiple Choice
Which explains why scarcity is a basic fact of life?
There will always be too many people on the Earth.
Demand will always be greater than supply.
Technology has not advanced far enough yet.
People cannot make good allocation decisions.
- 9. Multiple Choice
You are organizing an economy. Which question must you answer first?
What is the most effective allocation of resources?
How are goods and services to be distributed?
What is to be produced?
How is production to be organized?
- 10. Multiple Choice
Which is one way that land contributes to production?
Roads allow for the transportation of goods.
Tools are created by humans to aid production.
Energy from the environment fuels production.
Ideas are needed to figure out how to use natural resources.
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