Econ Movie "Star Wars" & Scarcity
Authored by Heather Godown
Social Studies
9th - 12th Grade
Used 132+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of scarcity and choices is known as what?
exchange
economics
trade
business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TRUE or FALSE: In economics, we assume that everyone makes decisions in their own self-interest.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TRUE or FALSE: People make decisions based on their own self-interests by looking at incentives.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buyers and sellers get together and negotiate based on their own self-interests describes which economics concept?
free enterprise
involuntary exchange
voluntary exchange
capitalism
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Select all correct answers.
Buyers want high prices.
Sellers want high prices.
Buyers want low prices.
Sellers want low prices.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The idea that someone is forced to buy or sell something is known as what?
free enterprise
involuntary exchange
voluntary exchange
capitalism
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You make choices that help yourself, but they end up helping everyone else too. What concept does this describe?
free enterprise
government involvement
invisible hand
capitalism
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