A) sustainability B) social science C) productivity D) economics
A) satisfying. B) common. C) scarce. D) unlimited.
A) resources B) productivity C) scarcity D) profit
A) wants. B) services. C) needs. D) goods.
A) a new pair of jeans. B) a footpath. C) a pizza shop. D) shelter.
A) final products. B) diverse capital goods. C) choice. D) consumption of goods and services.
A) final products B) goods which households buy C) goods which are used to make other goods and services D) anything which has a price
A) consumer goods. B) capital goods. C) economic goods. D) free goods.
A) basic economy B) subsistence economy C) rural economy D) poor economy
A) using all available resources B) reducing wants to satisfy the needs C) starting to consume more D) producing more than you need just to survive
A) meeting all our needs and wants B) division of labour C) productivity D) producing a surplus
A) specialization B) scarcity C) production D) resources
A) managers B) producers C) economists D) consumers
A) no B) not sure C) yes D) probably
A) creating a surplus and specialization B) inventing things C) satisfying their needs and wants D) working harder and faster
A) a non-durable consumer good. B) an economic good. C) a need. D) a service.
A) make things. B) have unlimited resources. C) need more than they want. D) buy things.
A) want more than we can afford. B) make more than we have to. C) have unlimited resources. D) need more than we can afford.
A) an economic good. B) need. C) a consumer good. D) want.
A) mobile phone. B) Xbox. C) surfboard. D) book.
A) user of resources to make capital goods. B) consumer of a service. C) producer. D) trader.
A) free goods. B) resources. C) goods and services. D) final products.
A) Economies have become less complex throughout history. B) Economics is about the decisions that we make every day C) Scarcity is only a problem for poor countries. D) All goods produced by a society are consumer goods.
A) the availability of consumer goods and services B) limited needs and wants C) using resources for daily survival D) the division of labour and specialization
A) Wants are competitive. B) Wants are changeable. C) Wants are complementary. D) Wants are recurrent. |