Economics & Factors of Production & Cost-Benefit Analysis

Economics & Factors of Production & Cost-Benefit Analysis

9th Grade

10 Qs

quiz-placeholder

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Economics & Factors of Production & Cost-Benefit Analysis

Economics & Factors of Production & Cost-Benefit Analysis

Assessment

Quiz

Other

9th Grade

Medium

Created by

Dalen Howard

Used 3+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Cost-Benefit Analysis?

Whenever people decide whether the advantages of a particular action are likely to outweigh its drawbacks

the process of creating a plan to spend your money.

seeing which months your finances may be tight and which ones you'll have extra money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is budgeting your money?

Whenever people decide whether the advantages of a particular action are likely to outweigh its drawbacks

the process of creating a plan to spend your money.

seeing which months your finances may be tight and which ones you'll have extra money

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is budget forecasting?

Whenever people decide whether the advantages of a particular action are likely to outweigh its drawbacks

the process of creating a plan to spend your money.

seeing which months your finances may be tight and which ones you'll have extra money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The skills of the workforce and the quantity of labour they produce. The reward for ______ is wages.

Land

Labor

Capital

enterprise

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Investment in man-made aids to production including buildings, factories, computers. The reward for _____ is interest.

Land

Labor

Capital

enterprise

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All natural resources including oil, fish, soil, forests. The reward for _____ is rent.

Land

Labor

Capital

enterprise

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What are the three sectors of the economy? CHOOSE THREE.

Primary

Secondary

Tertiary

Quaternary

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