Quiz: Scarcity, Choice, and Opportunity Cost
AQA A level economics 7136 specification
Ready to start this lesson?
Sign in to track your progress. 11 steps including 9 interactive questions.
Sign In to Start Learning
Students also studied
Browse allSteps in this lesson (11)
Welcome to this quiz on Scarcity, Choice, and Opportunity Cost! You've already learned about the basics of economics, including needs and wants, factors of production, and value judgements. Let's build on that knowledge!
What does the term 'scarcity' mean in economics?
Start the lesson to answer this multiple choice question
Which of the following are examples of scarce resources? (Select all that apply)
Start the lesson to answer this multi-select question
Opportunity cost is the {{blank0}} benefit of the next best alternative forgone.
Start the lesson to answer this fill in the blank question
Match the items on the left with their correct pairs on the right
Start the lesson to answer this matching question
Which of the following is an example of opportunity cost?
Start the lesson to answer this multiple choice question
Which of the following are examples of economic choices? (Select all that apply)
Start the lesson to answer this multi-select question
Match the items on the left with their correct pairs on the right
Match the items on the left with their correct pairs on the right
Start the lesson to answer this math equation question
Which of the following is NOT an example of scarcity?
Start the lesson to answer this multiple choice question
The three basic economic questions are: what to {{blank0}}, how to {{blank1}}, and for whom to {{blank2}}.
Start the lesson to answer this fill in the blank question
Want to Learn More?
Get personalised lessons, quizzes, and instant feedback from your AI tutor.
Explore More Topics