Statistics for Definitions of economics

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General Stats

  • This quiz has been taken 13 times
  • The average score is 17 of 20

Answer Stats

QuestionAnswer% Correct
Which images fits better the word Entrepreneur
100%
Which image represents best the word MoneyAll of them
100%
Which of these options has a fair priceA pack of six bottles of water for 3 dollars
100%
What are TaxesA payment to the government so that they can improve the conditions of a country
100%
Definition of equilibrium priceA price where consumers are happy to buy and producers are happy to sell
100%
Consumers means people that eat a huge amount of foodFalse
100%
What does Scarcity means?Limited resources to satisfy unlimited needs
100%
Which of these answers is not a Natural ResourcePlastic
100%
What is inflationThe constant increase of the price
100%
Explain the difference between Needs and WantsWants are goods and services which makes us happy, but we can live without it, and Needs are basic goods and services to survive
100%
Definition of MarketWhere consumers and producers exchange a specific good or service
100%
A zoo keeper can be an entrepreneurTrue
92%
Households is a place where consumers physically liveTrue
92%
Is a toy a Need or a WantA Want
83%
Which definition suits the best, EconomicsA Social Science that deals with limited resources to satisfy unlimited needs and wants
75%
Is Human Labor and Human Resources the same?No
75%
What are Human ResourcesMembers of society that are capable of working
58%
Efficiency to use limited resources in the production of a good or serviceProduction
58%
Which answer is a Capital ResourceFactory
42%
Consumers of goods and servicesDemand
8%

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