Econ Quiz 1 review
Authored by Mr. Early
Other
10th - 12th Grade
Used 3+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Study of how people choose to use their limited resources to satisfy unlimited needs/wants.
Economics
Incentive
Economy
Market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something that motivates a person to take a particular course of action
Economics
Incentive
Economy
Market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
System Used to manage limited resource of production, distribution, and consumption
Economics
Incentive
Economy
Market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Arrangement that brings buyers and sellers together
Economics
Incentive
Economy
Market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What you gain in terms of time, money, experience, or improvement in your situation
Benefit
Scarcity
Resource
Marginal Cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unlimited needs and wants combined with limited resources.
Benefit
Scarcity
Resource
Marginal Cost
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything used to produce and economic good or service.
Benefit
Scarcity
Resource
Marginal Cost
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