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 focuses on meeting needs and wants!
What is the primary purpose of economic activity?
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Which of the following are examples of needs? (Select all that apply)
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In economics, {{blank0}} refers to the inability to satisfy all wants due to limited resources, while {{blank1}} involves choosing how to allocate resources.
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Match the items on the left with their correct pairs on the right
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Match the items on the left with their correct pairs on the right
Which of the following best describes a 'want' in economics?
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Which of the following are consequences of scarcity? (Select all that apply)
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The {{blank0}} cost of choosing one option is the value of the next best alternative foregone.
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Match the items on the left with their correct pairs on the right
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