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