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