Economics - Opportunity Cost and Markets
Authored by Ryan Wilson
Social Studies
11th - 12th Grade
CCSS covered
Used 124+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is opportunity cost?
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which one of these definitions best describe 'Opportunity Costs'?
The cost of making one decision over another.
The cost for the opportunity to buy anything you want.
The opportunity that will cost you loads of money.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a want?
Tags
CCSS.RI. 9-10.2
CCSS.RI.11-12.2
CCSS.RI.8.2
CCSS.RL.11-12.2
CCSS.RL.9-10.2
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A person who uses and buys goods and services
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is not a service?
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these is a need?
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
There are four types of economic systems. Most economies are _____.
Traditional
Command
Market
Mixed
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