Month: April 2018

Which is the most accurate definition of the study of economics? Economics is the study of …….?

Select ONE answer:

1. The distribution of surplus goods to those in need.
2. Affluence in a morally bankrupt world.
3. Ways to reduce wants to eliminate the problem of scarcity.
4. The choices we make because of scarcity.

What is meant by creative destruction?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 4

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As an economic concept, scarcity applies to?

Select ONE answer:

1. Neither time nor money.
2. Both money and time.
3. Time but not money.
4. Money but not time.

What is meant by corporate social responsibility?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 2

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Scarcity requires that people must?

Select ONE answer:

1. Trade
2. Compete
3. Cooperate
4. Make choices

What is meant by stakeholders conflicts?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 4

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Economists point out that scarcity confronts?

Select ONE answer:

1. The rich but not the poor
2. The poor but not the rich
3. Both the poor and the rich
4. Neither the poor nor the rich

What is meant by stakeholders objectives?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 3

This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics is best defined as the study of how people, businesses, governments, and societies?

Select ONE answer:

1. Make choices to cope with scarcity.
2. Attain wealth.
3. Choose abundance over scarcity.
4. Use their infinite resources.

What is meant by stakeholders or economic agents?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 1

This work is licensed under a Creative Commons Attribution 4.0 International License.