
Econ Unit 1 - Fundamental Economic Concepts
Quiz
•
Social Studies
•
12th Grade
•
Medium
Alex Thiemann
Used 5+ times
FREE Resource
Enhance your content in a minute
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are land resources?
Factories, equipment, and machinery used for production
Money in banks used for business investment
Soil, mineral deposits, forests and other raw materials
Workers and managers who produce goods & services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is opportunity cost?
Monetary price of any productive resource
Amount of labor needed to produce one unit of a product
Amount of one product that must be given up to produce one more unit of another product
Ratio of the prices of imported goods to the prices of exported goods
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Competition & free enterprise are most common in which type of economic system?
Traditional
Market
Command
Socialist
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a society uses methods of exchange like barter, lottery, rationing or prices, what are they attempting to do?
Reduce productivity
Develop new technology
Allocate scarce resources
Create a safety net for the poor
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In economics, resources are:
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Resources (a.k.a. the factors of production are)
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Tools
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
20 questions
Module 8: State and Non-state Institutions
Quiz
•
11th Grade - University
17 questions
The French Revolution Part 1
Quiz
•
9th Grade - Professio...
16 questions
Easter
Quiz
•
5th - 12th Grade
15 questions
Political Parties In India by Ms.Heather
Quiz
•
9th - 12th Grade
10 questions
Quizizz Quinto
Quiz
•
3rd Grade - University
20 questions
ppt
Quiz
•
KG - Professional Dev...
10 questions
UNIDAD 4 LECCIÓN 2 GRUPOS ÉTNICOS
Quiz
•
4th Grade - University
10 questions
First Ten Amendments
Quiz
•
5th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Social Studies
18 questions
Early civil rights and African Americans
Quiz
•
9th - 12th Grade
20 questions
Unit 7.1 The Industrial Revolution
Quiz
•
9th - 12th Grade
13 questions
USHC 3 to North and South Advantages
Quiz
•
11th - 12th Grade
30 questions
AP Psychology: Social Psychology (4.1-4.3) Quiz
Quiz
•
12th Grade
52 questions
Unit 2 Economics (Micro and Market Structures)
Quiz
•
11th - 12th Grade
73 questions
AP Psychology - Developmental Psychology
Quiz
•
10th - 12th Grade
15 questions
PFLE: Unit 2 Review
Quiz
•
12th Grade
30 questions
Full test Unit 4: Industrial Revolution
Quiz
•
9th - 12th Grade
