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Q 1/19
Score 0
________________ are the things you do not have to have to survive.
30
Public Wants
Needs
Private Wants
Wants
Q 2/19
Score 0
____________are things you MUST have in order to survive.
30
Wants
Needs
Private Wants
Public Wants
19 questions
Q.
________________ are the things you do not have to have to survive.
1
30 sec
Q.
____________are things you MUST have in order to survive.
2
30 sec
Q.
A family wanting a new kitchen table would be an example of?
3
30 sec
Q.
Everyone that drives on 71 HWY thinks the road needs to be repaved is an example of?
4
30 sec
Q.
True/False: Businesses provide goods and services to satisfy wants and needs
5
30 sec
Q.
________ are items that people can use to make or obtain what they need or want.
6
30 sec
Q.
What step in the decision making process do you take time to think through the situation so you can identify and consider all the important alternatives?
7
30 sec
Q.
Brittany has been put into a difficult situation and is unsure what to do. She has already determined what her problem is and has written out the different alternatives that she could do to address the problem. Now she is unsure what to do next. What should Brittany's next step be?
8
45 sec
Q.
Why is market research important for a business?
9
30 sec
Q.
True/False: Most companies that sell goods and only sell good; they don't provide services for their customers
10
30 sec
Q.
Anytime there is a shortage of a resource, what is the economy experiencing?
11
30 sec
Q.
A person notices there is a need for cattle in their community and decides to become a farmer. The community has a scarcity of meat and dairy products. The farmer uses tractor to collect the hay for the cattle to eat.
The tractor the farmer uses to collect the hay for the cattle is an example of which of the factor of production?
12
30 sec
Q.
A person notices there is a need for cattle in their community and decides to become a farmer. The community has a scarcity of meat and dairy products. The farmer uses tractor to collect the hay for the cattle to eat.
The cattle is an example of which of the factor of production?
13
30 sec
Q.
A person notices there is a need for cattle in their community and decides to become a farmer. The community has a scarcity of meat and dairy products. The farmer uses tractor to collect the hay for the cattle to eat. The person DECIDING to become a farmer is an example of which factor of production?
14
30 sec
Q.
How many basic questions should an economy ask itself?
15
30 sec
Q.
True/False: The USA is an example of an socialism (command) economy.
16
30 sec
Q.
True/False: North Korea is an example of a socialism (command) economy.
17
30 sec
Q.
_______ is the amount of goods and services that producers will provide at various prices.
18
30 sec
Q.
The US government providing defense, education, and aid to those with lower incomes is an example of which economy?
Hint: The US economy is market, but this is not a market economy trait.
