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