
Economics Knowledge Quiz
Authored by Ryan Mock
Social Studies
12th Grade
Used 9+ times

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27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a trade off?
a letting go
to give something up
a giving up of one thing in return for another
a giving of money to another
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is Jerome Powell?
President of Columbia University
Chair of Economic Relations
President of France
Chair of the Federal Reserve
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the official name for the United States dollar?
United States Dollar
Dollar
American Federal Currency
$
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economic system does the United States have?
market economy
command economy
capitalism
Free enterprise mixed market economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the four factors of production?
tools, entrepreneurship, land, labor
land, labor, capital, entrepreneurship
tools, labor, land, Taylorism
Taylorism, land, labor, entrepreneurship
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often is the census taken?
every 10 years
every 5 years
every 15 years
every 8 years
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Using income for purchases, expenses, and debt
spending
savings
goods
services
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