
Final Exam Review - Units 1, 2 3
Authored by Luke Kruse
Social Studies
9th - 12th Grade
Used 1+ times

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36 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Johnny has $50 and wants to buy a pair of Nike Shoes that cost $95. He has to settle for a pair of Sketchers for $45. In economic terms Johnny is facing the problem of:
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Antonio has an Economic test tomorrow and knows that if he stays up and studies until 11 p.m. he has a good chance of making an A on the test. However he is really tired and knows that if he goes to bed at 10:00 p.m. he can easily make a B on the exam. What is Antonio's opportunity cost if he goes to bed at 11:00 p.m.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Freddie wants to start a lawncare business and make extra money after school and on the weekends. What productive resources will he need to start his business.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of economics is primarily concerned with:
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy in which the individuals own the factors of production and decide for themselves the answers to the basic economic questions is what kind of economy?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The economy of the Bushmen of the Kalahari Desert the people follow the examples of their ancestors. This is what kind of economy?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Country of Korea, who has a dictator that makes most of the econmic decisions is what kind of economy?
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