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