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