Economics Concept Check-up

Economics Concept Check-up

9th - 12th Grade

10 Qs

quiz-placeholder

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Economics Concept Check-up

Economics Concept Check-up

Assessment

Quiz

Social Studies, Business

9th - 12th Grade

Practice Problem

Hard

Created by

Herbs Briones

Used 36+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

There is a concept that deals on how the people budget their limited resources.

Supply

Demand

Consumption

Resource Allocation

2.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Check all concepts that apply with DEMAND.

Production

Consumption

Needs

Unlimited

3.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

____________ is an economic activity that refers to ways on how goods and services are channeled to the consumer

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

ANALYSIS:


Demand: Supply ; Consumption: ___________

Allocation

Scarcity

Distribution

Production

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The basic economic problem that is long-run by nature and acts as the gap between the demand and supply.

Shortage

Scarcity

Resource Allocation

Budget deficit

6.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

Check all concepts that can be related to the concept of SUPPLY.

Limited

Needs and Wants

Consumption

Goods and Services

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The government distributed equal amount of subsidy to people through the Social Amelioration Program.

What specific economic concept can we deduced from the statement.

Scarcity

Economics

Production

Resource Allocation

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