
Final Exam Review
Authored by John Heiser
Social Studies
12th Grade
Used 59+ times

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46 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a good use of scarce resources leads to an increase in?
investment
scarcity
productivity.
capital
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an economic goal of policy makers?
Keep prices stable
Promote economic growth
Make sure people have enough money to pay for what they want to bye
Limit unemployment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most commonly used measure of a nations economic growth is provided by?
inflation
real GDP
nominal GDP
Lorenz Curve
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Changes in price and changes in quantity demanded have a(n) _____ relationship.
inverse
indirect
neutral
positive
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these would be an example of a public good?
a car
a grocery store
a restaurant
an airport
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the GDP Per Capita?
A country's economic output per person, and is calculated by dividing the GDP of a country by its population.
GDP calculated without taking inflation into account
The total value of goods and services produced in a country in a year
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opposite of a surplus?
price floor
price ceiling
market equilibrium
shortage
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