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