Economics Exploration Pre-Test
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Year 7 Economics Exploration Pre-Test
📊 Part 1: Multiple Choice Questions
Instructions: Choose the best answer for each question by filling in the circle.
✏️ Part 2: Short Answer Questions
Cause: _________________________________
Effect: _________________________________
📚 Part 3: Key Terms Glossary
Instructions: Match each term with its correct definition by writing the letter in the box.
Terms:
A. Scarcity B. Opportunity Cost C. Entrepreneur D. Sustainability E. Resources
____ The next best alternative given up when making a choice
____ Limited availability of resources compared to unlimited wants
____ A person who starts and runs their own business
____ Materials, labour, and capital used to produce goods and services
____ Using resources in a way that meets present needs without harming future generations
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