
Economics Unit 1 SHS
Quiz
•
10th - 11th Grade
•
Easy
Jamie Miller
Used 74+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Basic Economic Problem: Mismatch of unlimited wants and needs and unlimited economic resources.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
____________ The actual thing you gave up to have something else. Everything has a cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____________ anything that it used to make a good or service.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______________ not having enough resources to satisfy all of the needs/wants
Scarcity
Opportunity Cost
Tradeoff
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity forces people to_____________________
Make Choices
satisfy all their wants and needs
Give up opportunity cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of how people seek to satisfy their needs and wants by making choices.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of ______________
Money
How to get rich
Consequences and Punishments
Choices
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