Y1 2nd Nine Weeks

Y1 2nd Nine Weeks

11th Grade

30 Qs

quiz-placeholder

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Y1 2nd Nine Weeks

Y1 2nd Nine Weeks

Assessment

Quiz

Life Skills

11th Grade

Medium

Created by

Karen Ware

Used 9+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factors of production include which of the following?

land, labor, capital, and entrepreneurship

technology products and entrepreneurship

goods and services

all of the products produced in an economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company's office buildings are an example of

capital

labor

land.

entrepreneurship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The value of the next best alternative that has to be given up for the action that is chosen is the

factor of production.

trade-off.

opportunity cost.

productivity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A production possibilities curve helps determine

factors of production.

costs of production.

all the opportunity costs and trade-offs that a business will face during a year.

the maximum combinations of goods and services that can be produced in a given time.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A car used by a messenger service is a type of

capital

labor

trade-off.

opportunity cost.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the basic problem of economics?

pricing

scarcity

consumer behavior

government policies

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is primarily concerned with which of the following?

future costs of goods

values and objectives of a society

use of resources

methods of production

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