Introduction to Applied Economics

Introduction to Applied Economics

9th - 12th Grade

10 Qs

quiz-placeholder

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Introduction to Applied Economics

Introduction to Applied Economics

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Hard

Created by

Clarisse Cruz

Used 60+ times

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10 questions

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1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

This is the study of the allocation of scarce resources to meet unlimited human wants.

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Economics came from the greek word, "oikonomia" which means

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

According to him, economics is the proper allocation and efficient use of available resources for the maximum satisfaction of human wants.

Roger Le Roy Miller

Nordhaus

Fajardo

Samuelson

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to him, economics is a science of choice.

Fajardo

Nordhaus

Hall and Loeberman

Samuelson

5.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

It is the condition in which our wants are greater than our limited resources.

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

This is the study of small economic units such as individuals, firms, and industries (competitive markets, labor markets, personal decision making, etc.)

7.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

Study of the large economy as a whole or in its basic subdivisions (National Economic Growth, Government Spending, Inflation, Unemployment, etc.)

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