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