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