Create a Quiz. The academic subject for which the text must be created - Economics. Content must be appropriate for Year or Grade 11. Requir...
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What to createQuiz
Which subjectEconomics
What age groupYear or Grade 11
What topicscarcity
Question typesClose-ended
Number of questions10
Number of answers4
Correct answers1 or more
Show correct answers
Use images (descriptions)
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Economics Quiz: Scarcity for Year 11

Instructions

Answer the following questions based on the images described. Each question has four options; choose the correct one(s).

Questions

  1. The image of a crowded shopping mall during a holiday sale, with people rushing to get products.

    • A. Abundance of goods
    • B. Scarcity of time and resources
    • C. Unlimited economic resources
    • D. Perfect competition

  2. The image of a farmer looking at barren land with no crops growing, under a clear sky.

    • A. Scarcity of agricultural technology
    • B. Abundance of natural resources
    • C. Scarcity due to drought
    • D. Overproduction

  3. The image of a person holding a limited edition smartphone with a sign that says 'Only 100 available'.

    • A. Scarcity of consumer goods
    • B. Unlimited production capacities
    • C. Complete market failure
    • D. Surplus of outdated technology

  4. The image of a clock with its hands pointing towards 11:59, emphasizing time.

    • A. Unlimited time for decision-making
    • B. Scarcity of time in decision-making
    • C. Infinite resources available
    • D. Surplus of choices

  5. The image of a child looking at a half-empty toy box on their birthday.

    • A. Scarcity of toys available to the child
    • B. Abundance of gifts received
    • C. Equal distribution of toys
    • D. Overconsumption of toys

  6. The image of a long line at a gas station with signs indicating high prices.

    • A. Scarcity of oil resources
    • B. Abundance of alternative fuels
    • C. Unlimited energy sources
    • D. Decrease in consumer demand

  7. The image of a restaurant menu with prices of several high-demand dishes marked as 'Sold Out'.

    • A. Scarcity of popular food items
    • B. Unlimited cooking resources
    • C. Consumer surplus
    • D. Complete availability of dishes

  8. The image of a high school discussing a limited scholarship fund with students.

    • A. Scarcity of educational funding
    • B. Unlimited educational opportunities
    • C. Overfunding in scholarships
    • D. Perfect information about opportunities

  9. The image of a factory with stacks of unused machinery and an empty production line.

    • A. Scarcity of labor
    • B. Abundance of production capacity
    • C. Overproduction of goods
    • D. Inefficient allocation of resources

  10. The image of a thriving marketplace bustled with people, with a sign reading 'Limited Stock'.

    • A. Scarcity creating high demand
    • B. Unlimited stock available
    • C. Regular supply of goods
    • D. Market saturation

Correct Answers

  1. B. Scarcity of time and resources
  2. C. Scarcity due to drought
  3. A. Scarcity of consumer goods
  4. B. Scarcity of time in decision-making
  5. A. Scarcity of toys available to the child
  6. A. Scarcity of oil resources
  7. A. Scarcity of popular food items
  8. A. Scarcity of educational funding
  9. A. Scarcity of labor
  10. A. Scarcity creating high demand

Good luck with your quiz!