Chapter 1 Practice Quiz - Intro to Economics

Chapter 1 Practice Quiz - Intro to Economics

9th - 12th Grade

25 Qs

quiz-placeholder

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Chapter 1 Practice Quiz - Intro to Economics

Chapter 1 Practice Quiz - Intro to Economics

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Luke Kruse

Used 97+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The conflict between unlimited wants and limited resources is called:

Basic economic scarcity
Wants
Scarcity
Factors of Production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who buys goods and services

consumer
entrepreneur
resource
currency

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals who come up with a new idea for a good or service, then they make it a reality

resource
human resources
consumer
entrepreneur

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When something given up for something else is called?

Choice
Capitalism
Inflation
Opportunity Cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

On this PPC, which point is efficient? 

A
C
D
None

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

On the PPC, which point is inefficient?

A
B
C
D

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

On the PPC, which point is unobtainable?

A
B
C
D

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