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Economics Quiz 1

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Economics Quiz 1

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This short quiz will test your understanding of one of the basic concepts in economics

Created by

JOY ANN ORPELA DENEROS
JOY ANN ORPELA DENEROS
Philippines

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Economics Quiz 1
 

Economics Quiz 1Online version

This short quiz will test your understanding of one of the basic concepts in economics

by JOY ANN ORPELA DENEROS
1

What is the basic economic problem that arises because resources are limited and human wants are unlimited?

2

Which of the following is NOT considered a basic economic need?

3

​The study of how individuals and societies use limited resources to satisfy unlimited wants is called:

4

What do you call the cost of the next best alternative that is given up when a choice is made?

5

Which sector produces goods using raw materials and natural resources?

 
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