Unit 1 Introduction to Economics Test

Unit 1 Introduction to Economics Test

Assessment

Assessment

Quartell Roberson

Social Studies

11th - 12th Grade

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55 questions

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1.

Multiple Choice

2 mins

1 pt

A need is ____________.

a physical object

something that is necessary for survival

an item we want

an item we desire but that is not essential for survival

2.

Multiple Choice

2 mins

1 pt

A want is _________________.

a physical object

something that is necessary for survival

an item we want

an item we desire but that is not essential for survival

3.

Multiple Choice

2 mins

1 pt

According to economist a good is

a physical object

an item we need or want

an item we desire but that is not essential for survival

an action or activity that one person performs for another

4.

Multiple Choice

2 mins

1 pt

According to economist service is _______________.

a physical object

something that is necessary for survival

an item we desire but that is not essential for survival

an action or activity that one person performs for someone else

5.

Multiple Choice

2 mins

1 pt

Which of these examples is a service?

Mr. Farr sells guitars.

Mr. Swenson gives art supplies to consumers.

Coach provides lessons for different sports.

Ms. Miller writes books.

6.

Multiple Choice

2 mins

1 pt

Economics is the study of how people make choices about ways to use _______________ resources to fulfill their unlimited wants and needs.

Limited

Unlimited

Natural

Man-made

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