ECONOMICS FINAL EXAM

ECONOMICS FINAL EXAM

11th Grade

50 Qs

quiz-placeholder

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ECONOMICS FINAL EXAM

ECONOMICS FINAL EXAM

Assessment

Quiz

Social Studies

11th Grade

Medium

CCSS
RL.9-10.2, RL.11-12.2, RI.8.2

+2

Standards-aligned

Created by

Juanita Gidron

Used 24+ times

FREE Resource

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ is the most basic economic problem.
Scarcity
Labor
Greed
Capital

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following would be an example of human capital? 
The amount of workers who work in a Nike factory
The skills of the shoe designers at Nike 
Philip Knight, the CEO of Nike 
The land that the Nike headquarters is located on in Beaverton Oregon

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Only the government decides what goods and services will be produced in a market economy.
True
False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The four types of economic systems are: 
Traditional, Command, Mixed, & Market
Traditional, Command, Combined, & Market
Communism, Capitalism, Free Market, and Macroeconomics
Microeconomics, Macroeconomics, Individual, and Traditional.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a need?
clothes
car
job
smart phone

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How do you satisfy your unlimited wants in a world of limited resources?
by making more money
by making choices
by stealing
by setting a budget

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
Is this shelter a want or a need?
Want
Need

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