Quiz: Purpose of Economic Activity - Meeting Needs and Wants
AQA A level economics 7136 specification
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Building on what you've learned about economics as a social science, let's test your understanding of the purpose of economic activity and how it meets needs and wants.
What is the primary purpose of economic activity?
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Which of the following represent examples of needs? (Select all that apply)
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Scarcity arises because {{blank0}} are limited, but {{blank1}} are unlimited.
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Match the items on the left with their correct pairs on the right
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Which statement is normative?
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The {{blank0}} cost of choosing one option is the value of the next best {{blank1}} that is forgone.
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Which of the following best describes a 'want'?
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Which of the following are reasons why scarcity exists? (Select all that apply)
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Match the items on the left with their correct pairs on the right
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