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