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Unit 1- Part 1 Quiz Review

Authored by Betsy Setterbo

Social Studies

11th - 12th Grade

CCSS covered

Used 2+ times

Unit 1- Part 1 Quiz Review
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30 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Economics studies the use of

resources

technology

goods

services

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A study of why people behave the way they do under certain circumstances is

environmental science

social science

psychological science

biological science

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Economics that looks at the "big picture" is called

microeconomics

macroeconomics

behavioral economics

socioeconomics

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Economics that looks at the choices made by individuals and businesses is

microeconomics

macroeconomics

behavioral economics

socioeconomics

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The fundamental problem studied in economics is

scarcity of resources

production possibilities

investment income

taxes

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Scarcity is caused by

greed

lack of resources

supply, demand, and price

social welfare programs

7.

MULTIPLE SELECT QUESTION

5 mins • 1 pt

Shortages are (multiple answers)

the same thing as scarcity

not the same thing as scarcity

a natural phenomenon

man made

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