Basic Concepts of Economics

Basic Concepts of Economics

Assessment

Assessment

Created by

Purvi Parsana

Business

11th Grade

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15 questions

Show answers

1.

Multiple Choice

30 sec

1 pt

The wish to have something is_

Desire

Want

Need

Demand

2.

Multiple Choice

30 sec

1 pt

Effective efforts put to acquire something will be_

Want

Desire

Need

Demand

3.

Multiple Choice

30 sec

1 pt

Willingness to pay for the want is_

Need

Desire

Demand

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4.

Multiple Choice

30 sec

1 pt

Things require to survive are categorised as_

Demands

Wants

Needs

Desires

5.

Multiple Choice

30 sec

1 pt

Which is NOT a classification of Wants

Necessities

Luxuries

Comforts

Secondary

6.

Multiple Choice

30 sec

1 pt

Which is NOT a feature of Wants

Recur

Competitive

Complementary

Limited

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