Year 9 Economics 1

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1 point

Which of the following is the best example of a non-renewable resource:

pine trees

sunlight

petrol

beef cattle

1 point

Below is a list of occupations/jobs. Which of the following is the best example for an Enterprise resource:

nurse

zoo keeper

cashier

business owner

1 point

The study of economics is best described as:

the circulation of money

the way in which people utilise resources to satisfy their needs and wants

how people spend and save money to buy goods

the goods and services provided for people to fulfill their needs and wants

1 point

Which of the following is not the best example of a need:

warmth

a game console

medical care

shelter

1 point

Which of the following is not the best example of a service:

buying your groceries at Woolworths

having your lawn mowed by Jim’s Mowing

taking a trip on a Transperth train

getting your teeth cleaned at the dentist

1 point

Merchandise, commodities for sale or trade; items that you can see or touch is best described as:

banks

goods

services

natural resources

1 point

Which of the following is not a collective good/service:

domestic flights

roads

local security patrol

local parks

1 point

A want is best described as:

resources that are used to produce other goods

non-essential items for people to make their lives easier

all man made resources

goods and services that are essential for survival

1 point

Which of the following is not a capital resource that would go into the production of a hamburger:

truck driver

delivery truck

hamburger store

deep fryer

10.

1 point

The four economic resources (factors of production) are:

land, goods, services & labour

paddock, bricklayer, money & truck

land, labour, capital & enterprise

capital, money, goods & services

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