Ch 1 Economic Decisions

Ch 1 Economic Decisions

10th - 12th Grade

15 Qs

quiz-placeholder

Similar activities

Inflation

Inflation

11th - 12th Grade

18 Qs

Mengelola Transaksi Pembayaran - Receptionist

Mengelola Transaksi Pembayaran - Receptionist

12th Grade

10 Qs

Thai Festival

Thai Festival

6th - 10th Grade

10 Qs

The Industrial Revolution in the United States

The Industrial Revolution in the United States

10th Grade

10 Qs

2L's - Street Law Chapter 5 - The Court System

2L's - Street Law Chapter 5 - The Court System

10th Grade

15 Qs

Venus N/A Marano

Venus N/A Marano

10th Grade

20 Qs

Accounting Quiz

Accounting Quiz

11th Grade

20 Qs

La Revolución Tecnológica Quiz

La Revolución Tecnológica Quiz

10th Grade

16 Qs

Ch 1 Economic Decisions

Ch 1 Economic Decisions

Assessment

Quiz

Social Studies, Business

10th - 12th Grade

Practice Problem

Medium

Created by

Elizabeth Rudden

Used 106+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Goods and services are only purchased by individuals, not businesses.

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nations have different economic resources, but they all have the same economic needs and wants.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A lack of competition will result in higher prices for goods and services.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As the price of a product increases...

demand will increase
supply will decrease
consumers will purchase larger quantities
producers will supply larger quantities

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You have $25. You decided to go to the movies instead of buying a new shirt. The opportunity cost of your decision is...

$25
going to the movies
buying a new shirt
all of these

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in the economic decision-making process?

define the problem
identify the choices
evaluate the choices
review your decision

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the last step in the economic decision-making process?

make a decision
act on your choice
review your decision
define the problem

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?