CE.11A Basic Economics

CE.11A Basic Economics

8th Grade

10 Qs

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CE.11A Basic Economics

CE.11A Basic Economics

Assessment

Quiz

History

8th Grade

Medium

Created by

Jason Magruder

Used 36+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Laptops are in high demand but there are not enough to satisfy the needs of all students. This is called

Opportunity Costs

Demand

Supply and Demand

Scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mya decides to spend her afternoons hanging out with friends instead of studying for her exam. What is her opportunity cost?

Making friends

Being prepared for her exam

Going to the mall

Being late for school

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Natural, capital and human resources are all used to make a t shirt. This is an example of

Supply

Demand

Consumption

Production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When John orders food from McDonald's, he is considered

The consumer

The supplier

The decision maker

Opportunity costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During a hurricane, the grocery store decided to charge twice as much for bottles of water. This is an example of

Supply

Demand

Scarcity

Opportunity cost

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The iphone X26 was released in March at the price of $999.99 but no customers bought the phone. Apple reduced the price to $750.00 and the iphone x26 sold out. This is an example of

Supply

Demand

Choice

Consumption

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A printing press is used to make designs for shirts. This is an example of what type of resource?

Natural

Human

Capital

Entrepreneur

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