What is the basic economic problem?
Economics Final Exam

Flashcard
•
Social Studies
•
12th Grade
•
Hard
Quizizz Content
FREE Resource
Student preview

45 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
Scarcity
2.
FLASHCARD QUESTION
Front
All of the following are the three basic economic questions EXCEPT:
What to produce?
How will it be produced?
For whom will it be produced?
Back
Why to produce?
3.
FLASHCARD QUESTION
Front
Land, Labor, Capital and Entrepreneurship are collectively called;
Back
The factors of production
4.
FLASHCARD QUESTION
Front
The benefits offered to encourage people to act in certain ways.
Back
Incentives
5.
FLASHCARD QUESTION
Front
The benefit and satisfaction gained from the use of a good or service
Back
Utility
6.
FLASHCARD QUESTION
Front
The alternative that you give up when you make an economic choice.
Back
Trade off
7.
FLASHCARD QUESTION
Front
The value of the next best alternative or what you give up by choosing one alternative over another.
Back
Opportunity cost
Create a free account and access millions of resources
Similar Resources on Quizizz
40 questions
Honors Economics - Practice Midterm

Flashcard
•
12th Grade
42 questions
Economics Final Review

Flashcard
•
12th Grade
40 questions
Supply and Demand TOGETHER

Flashcard
•
11th Grade
35 questions
Economics Vocab Test #5

Flashcard
•
12th Grade
36 questions
Econ Ch 6 Study material

Flashcard
•
12th Grade
43 questions
Economics Unit 1

Flashcard
•
12th Grade
40 questions
Economics Final Exam

Flashcard
•
12th Grade
38 questions
Economics Final Exam Review

Flashcard
•
12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade