Quiz #1 Eco Terms

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1 point

People have no value as a resource.

True

False

1 point

Computers are an example of capital.

True

False

1 point

A ___ is anything people use to get what they want.

1 point

Scarcity is always not having enough of what you want.

True

False

1 point

The location and contents of a resource describes what?

1 point

A shortage of gasoline means that it is temporarily unavailable.

True

False

1 point

Everything other than what you need is a __?

1 point

What is the study of what we want and how we choose to get it?

1 point

Money is a resource.

True

False

10.

1 point

A new phone every year is an examples of something you want.

True

False

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