
Economics PQ
Authored by Jeannette Medina
History
12th Grade
Used 5+ times

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18 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the fundamental problem of economics?
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Opportunity Cost is best defined as
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following would be an example of human capital?
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
A person that takes a risk by starting a new business.
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Johnny has $50 and wants to buy a pair of Nike Shoes that cost $95. He has to settle for a pair of Sketchers for $45. In economic terms Johnny is facing the problem of:
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Antonio has an Economic test tomorrow and knows that if he stays up and studies until 11 p.m. he has a good chance of making an A on the test. However he is really tired and knows that if he goes to bed at 10:00 p.m. he can easily make a B on the exam. What is Antonio's opportunity cost if he goes to bed at 11:00 p.m.
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The difference between a good and a service is that:
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