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