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