ECN Macroeconomics - Ch 1 & 2 - Quiz #1

ECN Macroeconomics - Ch 1 & 2 - Quiz #1

University

20 Qs

quiz-placeholder

Similar activities

SM_1

SM_1

University

18 Qs

QUIZ 4 : TOPIC 10 [STANDARD COSTING & VARIANCE ANALYSIS]

QUIZ 4 : TOPIC 10 [STANDARD COSTING & VARIANCE ANALYSIS]

1st Grade - University

20 Qs

International Marketing - Final Quiz 1

International Marketing - Final Quiz 1

University

16 Qs

BASIC FINAL ACCOUNTS

BASIC FINAL ACCOUNTS

University

15 Qs

PAS 7 SCF

PAS 7 SCF

University

17 Qs

Short Recap

Short Recap

University

15 Qs

REVISION 4 : TOPIC 9 [ACCOUNTING FOR NON-CURRENT ASSETS]

REVISION 4 : TOPIC 9 [ACCOUNTING FOR NON-CURRENT ASSETS]

1st Grade - University

20 Qs

ECN Macroeconomics - Ch 1 & 2 - Quiz #1

ECN Macroeconomics - Ch 1 & 2 - Quiz #1

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Michel Engwanda

Used 40+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Scarcity means

unlimited wants and unlimited available resources.

unlimited wants and limited available resources

limited wants and limited available resources.

limited wants and unlimited available resources

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The fundamental reason to study economics is to study

how choices are made.

how production is determined.

how countries trade with each other

how finances are determined

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The main issues that macroeconomic studies are

interest rates, jobs, and government policies

production, costs, and benefits

economic growth, unemployment, and inflation.

choices made by household and businesses.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which one is a macroeconomic topic?

A business decides to buy new software.

A person decides to return to college

The central bank lowers interest rates to stimulate the economy.

The government issues new environmental regulations

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A theory is a(n)

answer to a problem

way to explain the result an economist wants

tool to help determine the answer to a problem

a graph.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The circular flow model primarily studies how decisions are made by what two groups?

consumers and suppliers

households and firms

government and households

government and firms

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the three ways economies are organized?

communism, socialism, free

market, capitalism, mixed

traditional, command, market

traditional, market, mixed

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?