Economics Unit 1 Review

Economics Unit 1 Review

12th Grade

20 Qs

quiz-placeholder

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Economics Unit 1 Review

Economics Unit 1 Review

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

CCSS
RI.8.2, RL.11-12.2, RL.8.1

+3

Standards-aligned

Created by

Charles Wilhelm

Used 897+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals who come up with a new idea for a good or service, then they make it a reality

resource
human resources
consumer
entrepreneur

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something we use from nature

natural resource
human resource
capital resource
entrepreneur

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The idea that resources are limited; we don't have an unlimited supply of what we want

scarcity
supply
demand
inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following is a need?

Crayons
Video Games
Basketballs
Houses

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

If video games are not a need, what are they?

a wish
a dream
a want
a necessity

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Human-made materials used to produce goods and services.

capital

land

labor

entrepreneur

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy where the government controls the factors of production resources.

command

market

capitalism

mixed

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