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