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Economics Basics
Which is an example of a service?
The Basic Economic Problem is...
Economics Basics
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Answers
1
The Basic Economic Problem is...
Scarcity
Supply
Demand
Goods
2
Which is an example of a service?
Playstation 5
Someone cutting a yard
A movie
Laptop
3
Which is not a Basic Economic question?
When to produce?
How to produce?
What to produce?
For whom to produce?
4
Economics is...
the study of politics
the study of the choices people make
the study of political geography
the study of international finance
5
Our wants and needs are filled by
Goods and services
Goods and Scarcity
Services and scarcity
Demand and Goods
6
Our wants and needs are...
Unlimited
Unofficial
Un-natural
Undercover
7
What item was scarce during the pandemic?
Algebra books
Mail Boxes
Globes
Hand Sanitizer
8
Which is an example of a good?
Ipad
A lawyer defending a client
A haircut
A teacher teaching
