What is Economics?
Authored by Stacey Winter-Davis
Social Studies
10th - 12th Grade
Used 343+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT one of the three basic economic questions?
What to Produce
When to Produce
How to Produce
For Whom to Produce
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a Factor of Production?
wants
capital
labor
land
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a good?
tune up
oil change
car wash
car
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a service?
windshield wipers
floor mats
car wash
car
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the fundamental problem of economics?
labor
capital
utility
scarcity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A demand curve always moves
up
down
level
squiggly
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A supply curve always moves
up
down
level
squiggly
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