How does scarcity affect producers?
A.) Limited costs prevent producers from hiking prices. *
B.) Limited demand prevents producers from offering low prices.
C.) Limited time prevents producers from finding the best employees.
D.) Limited resources prevent producers from making unlimited products.
Which statement best explains the relationship between economic wants and needs?
A.) People do not need to fulfill either their needs or their wants to survive.
B.) People must fulfill their wants to survive, but they do not need to fulfill their needs to survive.
C.) People must fulfill their needs to survive, but they do not need to fulfill their wants to survive. *
D.) People must fulfill both their needs and their wants to survive.
Can someone check this please?
Your savior is wrong I got a 33
ALL OF YOU ARE F ING SO DUMB EVERYONE HERE IS WRONG!!!!!
CORRECT ANSWERS
1-d
2-c
3-d
4-d
5-c
6-b
7-b
8-d
9-b
10-c
11-a
12-b
Guys trust me I took it by y’all’s answers and got a 33%
1.) Limited resources....
2.) People must fulfill their needs to survive, but they do not need to fulfill their wants to survive
3.) Choosing options with the greatest
4.) a failing railroad receives assistance from around the country
5.)what goods should be produced
6.) Being named on the school honor roll
7.)a tax on imports
8.)Producers want a high quantity of sales
9.) They describe prices in relation to each other
10.)When buyers search for substitutes
11.) Strong property rights
12.)Money would not moves through the economy very well
Lesson 11: Economics Basics Unit Review
Social Studies 8 A Unit 7: Economics Basics
PRACTICE TEST Answers:
1. D
2. C
3. D
4. D
5. C
6. B
7. B
8. D
9. B
10. C
11. A
12. B
I gott'chu fammm