
Fundamental Economics Quiz 1
Authored by Elizabeth DiNatale
Social Studies
9th - 12th Grade
Used 6+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In economics, the value of the next best alternative is called _________.
Scarcity
Productivity
Opportunity Cost
Supply and Demand
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The study of economics is primarily concerned with:
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the fundamental problem of every society?
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How do you satisfy your unlimited wants in a world of limited resources?
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A garbage truck driver is an example of which Factor of Production?
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Iron, minerals, coal and plants are examples of which productive resource?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Physical Capital refers to...
The "gifts of nature" or natural resources not created by human effort.
people with all their efforts and abilities
the tools, equipment, and factories used in production of goods and services
individuals who start a new business or bring a product to market.
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?