EPF Cycle 1 - Basic Economics

EPF Cycle 1 - Basic Economics

10th - 12th Grade

10 Qs

quiz-placeholder

Similar activities

Economic Systems

Economic Systems

8th - 12th Grade

10 Qs

Fast&Curious - Industrial Revolution

Fast&Curious - Industrial Revolution

10th Grade

10 Qs

Factors of Production

Factors of Production

10th Grade

14 Qs

Industrial Revolution

Industrial Revolution

9th - 12th Grade

15 Qs

Gilded Age (STAAR)

Gilded Age (STAAR)

9th - 12th Grade

15 Qs

The Rise of Industry

The Rise of Industry

11th Grade

14 Qs

EOC Review: Immigrants History

EOC Review: Immigrants History

9th - 12th Grade

15 Qs

Lesson 12: Adam Smith and the Wealth of Nations

Lesson 12: Adam Smith and the Wealth of Nations

10th Grade

15 Qs

EPF Cycle 1 - Basic Economics

EPF Cycle 1 - Basic Economics

Assessment

Quiz

History

10th - 12th Grade

Medium

Created by

Carrie Annette Johnson

Used 31+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Air, Water, Food, Shelter, Sleep


These are all examples of

capital.

wants.

needs.

natural resources.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumers have unlimited wants, but their ability to satisfy these wants is

painful.

limited.

inflated.

protected.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A student would like to attend a football game Friday night but has been asked to work an extra shift as a bus boy. He is working to save money for college. Giving up the ball game is an example of

scarcity.

opportunity cost.

value-added decisions.

trade off.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which list contains the four factors of production?

Labor, capital, productivity, and renewable resources

Land, labor, capital, and entrepreneurial skills

Land, labor, credit, and entrepreneurial skills

Labor, capital, economics, and natural resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A farmer's tractor is an example of which factor of production?

Land/Resources

Labor

Management/Entrepreneurial Skills

Capital/Capital Goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Joe is starting a cleaning service. He has an office space, cleaning materials, and money to pay his initial costs. Which factor of production is he missing?

Land

Labor

Capital

Entrepreneurship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The "invisible hand" is a major factor in which economic system?

Command Economy

Market Economy

Socialist Economy

Traditional Economy

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?