American Government Questions Test 22024-02-14Air Idioms2024-02-14 Report a question What's wrong with this question? You cannot submit an empty report. Please add some details. 12345678910 Economics Questions test 1 Advanced English practice 10 multiple-choice questions If you log in, you will get the results via email. Category: advanced 1. People often like to have a lot of material goods but water, food and shelter are basic .......... people and other animals require to stay alive. desires wants needs Category: advanced 2. When someone really likes a product but that item is not necessary to stay alive, the product is called a .......... or a luxury. want need requirement Category: advanced 3. The earth supplies us with many beautiful things as well as many natural, raw materials. These usable materials are called .......... . industrial elements natural resources chemical reactions Category: advanced 4. There are many companies that manufacture products and consumers buy them. The products that people buy are called .......... . supply goods services Category: advanced 5. Companies will often use raw materials in order to turn them into usable products that consumers need and want. This process is called .......... . capital resources manufacturing Category: advanced 6. Some companies, don't specialize in manufacturing, but rather they do work, for a fee, for other people. This work in known as a .......... . service product goods Category: advanced 7. Every country experiences .......... at some point or another. This is when a country's wants are larger than the available resources. goods low-end products scarcity Category: advanced 8. Whether it's a natural resource or not, every possible use of a resource is called an .......... . shortage opportunity costs Category: advanced 9. Any item or material that people use to manufacture products or use in order to provide services is called a .......... . resource worker shortage Category: advanced 10. There are many companies around the world. The people who own each individual business are called workers attendants entrepreneurs Your score is The average score is 0% LinkedIn Facebook Twitter Restart quiz Author: Kovács Áron Share0