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Satisfying Needs And Wants
Test Description: Review for first semester final
Instructions: Answer all questions to get your test result.
1) Things that add comfort and pleasure to your life
A
Needs
B
Goods
C
Services
D
Wants
2) Things that you can see and touch
A
Goods
B
Wants
C
Services
D
Needs
3) Are the means through which goods and services are produced
A
Producers
B
Manufacturers
C
Economic Resources
D
Businesses
4) All of the following are types of Resources except:
A
Natural Resources
B
Human Resouces
C
Capitol Resources
D
Service Resources
5) All of the following are examples of needs except:
A
Water
B
money
C
clothing
D
shelter
6) Activies that are consumed at the same time they are produced are?
A
Products
B
Needs
C
Services
D
Goods
7) Things that you can see and touch are?
A
Wants
B
Goods
C
Services
D
Needs
8) The people who produce goods and services are known as?
A
human resources
B
producers
C
manufacuteres
D
Laborers
9) all of the following are an example of Capital Resources except:
A
Buildings
B
oil
C
tools
D
Machinery
10) All resources have a _______ Supply
A
limited
B
significant
C
endless
D
renewable
*select an answer for all questions
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