Question 1
In economics, scarcity means that:
Correct Answer:
Resources are limited while wants are unlimited
Question 2
A town can spend a $2 million grant on a new library or on repaving streets, but not both. What is the opportunity cost of choosing the library?
Correct Answer:
The repaved streets the town gives up by choosing the library
Question 3
Which of the following is a factor of production?
Correct Answer:
A worker’s labor in a factory
Question 4
In a market economy, prices are mainly determined by:
Correct Answer:
Interactions of buyers and sellers through supply and demand
Question 5
If the demand for bicycles rises and supply stays the same, what is the most likely short-run result?
Correct Answer:
Bicycle prices tend to rise
Question 1
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Prepare with the DeSSA Social Studies Grade 7 Practice Questions - Delaware System of Student Assessments (DeSSA) Social Studies - Grade 7 Exam practice quiz. This question bank includes 100 questions covering mainly, economy, government, constitution, and branch. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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DeSSA Social Studies Grade 7 Practice Questions - Delaware System of Student Assessments (DeSSA) Social Studies - Grade 7 Exam

This practice set contains 100 questions from the matching question bank and focuses on mainly, economy, government, constitution, and branch. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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