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