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