Social Studies

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Scarcity & Choice

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  • 1. Multiple Choice
    20 seconds
    5 pts

    The branch of knowledge concerned with the production, consumption, and transfer of wealth

    Economics

    Scarcity

    Resources

    Choice

  • 2. Multiple Choice
    20 seconds
    5 pts

    Which is a need?

    Coffee

    Water

    Gatorade

       Pop

  • 3. Multiple Choice
    20 seconds
    5 pts

    Entrepreneurship is often considered the fourth factor of production since it is necessary for an entrepreneur to assemble the factors of production.

    True

    False

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