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