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