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