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