Economics basics Practice

1. 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.

2. Which statement best explains the relationship between economic wants and needs?
A- People do not need to fulfill either their needs or 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

I think 1 is A and 2 and C
Help please!!

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

1. D- limited resources prevent producers from making unlimited products

2. C- people must fulfill their needs to survive but they do not need to fulfill their wants...
3. D- choosing options with the greatest benefits to the people
4. D- a failing railroad receives assistance from around the country
5. C- what goods should be produced
6. B- being named on the school honor roll
7. B- tax on imports
8. D- producers want a high quantity of sales
9. B- they describe prices in relation to each other
10. C- when buyers search for substitutes
11. A- strong property rights
12. B- money would not move through the economy very well.

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I know them, I just did the test and got a 25% percent ( This is a practice test for connexus, it don't matter )

D
D
A
B
C
D
D
C
B
B
D
B
I was legit sad that nobody likes to post the actual answers

correct but Ms. Sue is not fake

For the nine questions number 5 is actually b but the rest โ˜๏ธโ˜๏ธ is right

1. D

2. C
3. D
4. D
5. C
6. B
7. B
8. D
9. B
10. C
11. A
12. B

1d

2c
3c
4d
5a
6a d
7d
8a b
9c

Hold up, I never changed my name, who the heck are you

Yeah, shoo ya faker