Economics Knowledge Quiz

Economics Knowledge Quiz

12th Grade

27 Qs

quiz-placeholder

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Economics Knowledge Quiz

Economics Knowledge Quiz

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Ryan Mock

Used 9+ times

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27 questions

Show all answers

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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