What is Economics?
Flashcard
•
Social Studies
•
10th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
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13 questions
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1.
FLASHCARD QUESTION
Front
Which is NOT one of the three basic economic questions?
- What to Produce
- When to Produce
- How to Produce
- For Whom to Produce
Back
When to Produce
2.
FLASHCARD QUESTION
Front
Which of the following is NOT a Factor of Production?
wants
,capital
,labor
,land
Back
wants
3.
FLASHCARD QUESTION
Front
Which of the following is an example of a good?
- tune up
- oil change
- car wash
- car
Back
car
4.
FLASHCARD QUESTION
Front
Which of the following is an example of a service?
Options: windshield wipers, floor mats, car wash, car
Back
car wash
5.
FLASHCARD QUESTION
Front
What is the fundamental problem of economics?
Back
scarcity
6.
FLASHCARD QUESTION
Front
A demand curve always moves
Back
down
7.
FLASHCARD QUESTION
Front
A supply curve always moves
Back
up
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