Game 1- Fundamentals

Game 1- Fundamentals

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

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15 questions

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1.

FLASHCARD QUESTION

Front

The opportunity cost of increasing production from 7 to 9 trucks is

Media Image

Back

3 boats

2.

FLASHCARD QUESTION

Front

What is the fundamental problem of every society? Options: labor costs, scarcity, economic interdependence, market fluctuation

Back

scarcity

3.

FLASHCARD QUESTION

Front

An oil spill will effect will cause the production possibilities curve to shift in which direction?

Back

Inward

4.

FLASHCARD QUESTION

Front

The people who bring all the factors of production together to create something are practicing

Back

Entrepreneurship

5.

FLASHCARD QUESTION

Front

Raw materials (i.e. cotton, oil...etc.)

Back

Natural Resources

6.

FLASHCARD QUESTION

Front

Tools and machinery

Back

Physical Capital

7.

FLASHCARD QUESTION

Front

Workers

Back

Labor

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