Question #1

When a society has unlimited wants and needs, but limited resources used for their satisfaction, what condition exists?

a) Supply

b) Demand

c) Scarcity

d) Standard

e) Shortage

Question #2

The willingness and ability to sell a range of quantities of a good at a range of prices, during a given time period is the definition of which term?

a) Supply

b) Demand

c) Scarcity

d) Standard

e) Shortage

Question #3

The willingness and ability to buy a range of quantities of a good at a range of prices, during a given time period is the definition of which term?

a) Supply

b) Demand

c) Scarcity

d) Standard

e) Shortage

Question #4

Colorado's Gold Rush occurred in what year?

a) 1849

b) 1856

c) 1859

d) 1862

e) 1869

Question #5

The first person to discover a gold lode in Colorado was which person?

a) George A. Jackson

b) A.D. Gambell

c) Zebulon Pike

d) W. Green Russell

e) John Hamilton Gregory

Question #6

What is the name of the region where Colorado is located?

a) Eastern Plains

b) Mountain

c) Colorado

d) Rocky Mountain

e) Western

Question #7

What are all of the bordering states of Colorado?

a) Utah, New Mexico, Missouri, Texas

b) New Mexico, Kansas, Nebraska, Wyoming, Utah, Arizona, Okalahoma

c) Nevada, Utah, Montana, Kansas, Oklahoma, Nebraska, Wyoming

d) Kansas, Utah, Wyoming, New Mexico

e) Nebraska, Wyoming, Idaho, Nevada, California

Question #8

Even though gold was a major reason why Colorado was settled, it is not the state's most abundant resource. What is?

a) Diamonds

b) Oil

c) Trees

d) Natural Gas

e) Ethanol

Question #9

What was the first capital of Colorado?

a) Golden

b) Denver

c) Colorado City

d) Cherry Creek

e) Colorado Springs

Question #10

About how many people came to Colorado during the gold rush?

a) 500

b) 1,000

c) 10,000

d) 100,000

e) 1,000,000

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