
Economic Module 1
Quiz
•
Specialty
•
9th - 12th Grade
•
Practice Problem
•
Medium
Jennifer Waters
Used 24+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which type of economy are economic questions are answered on the basis of habit or customs?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Expenses that do not change no matter how much a business produces are called _____________.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Workers' knowledge is a human resource.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What forces people and nations to make economic choices?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The cost of the next-best use of your money or time when you choose to do one thing rather than another is known as _____________.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the US, prices are established primarily though
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The extra income that results from selling one more unit of the output is called marginal revenue.
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