
Y1 2nd Nine Weeks
Quiz
•
Life Skills
•
11th Grade
•
Medium
Karen Ware
Used 9+ times
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30 questions
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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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