Fundamentals of Economics
Authored by Lauren Walker
Social Studies
12th Grade
Used 19+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following BEST describes the definition of economics?
the study of supply and demand
the study of how people make decisions based on logic
the study of money and taxes
the study of how people make decisions based on limited resources
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following are considered reasons to study economics?
can help us save money
can make us better, informed citizens
helps us make decisions
used in everyday life
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two types of economics?
Microeconomics and Elastic Economics
Macroeconomics and Inelastic Economics
Microeconomics and Macroeconomics
Elastic and Inelastic Economics
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economics is the following- A country’s imports and exports
Microeconomics
Macroeconomics
Elastic Economics
Inelastic Economics
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economics is the following- amount of people unemployed in the USA
Microeconomics
Macroeconomics
Elastic Economics
Inelastic Economics
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economics is the following- a business owner hiring a new worker
Microeconomics
Macroeconomics
Elastic Economics
Inelastic Economics
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economics is the following- a high school graduate opening a bank account
Microeconomics
Macroeconomics
Elastic Economics
Inelastic Economics
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