Nature of economics quiz

quick quiz about the nature of economics

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  • Created by: Lottie
  • Created on: 19-12-11 16:10

1. Why is there a problem of scarcity?

  • Insufficient resources to provide for unlimited human wants
  • Specialisation
  • next best alternative forgone
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Other questions in this quiz

2. What is the opportunity cost?

  • next best alternative forgone
  • Specialisation
  • Insufficient resources to provide for unlimited human wants

3. What does CELL stand for in terms of factors of production

  • Capital,enterprise,land, labour
  • circle,economics,like, loose

4. Can renewable stock be maintained over a period of time?

  • True
  • False

5. Can non renewable stock be maintained over a period of time?

  • False
  • True
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Comments

Zoeeee

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thank you :) tested my knowledge. :)

izzy

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great quiz

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