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