
Topic 1 Quiz Review for What is Economics?
Authored by Lisa Guenther
Social Studies
10th - 12th Grade
Used 9+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a company hires individuals to work in their manufacturing facility, what productive resource is this?
capital resource
human resource
natural resource
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The use of land, air, water, paper, etc, is an example of what productive resouce?
capital resource
human resource
natural resource
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A local company invests $100,000 on new equipment. What type of productive resource is this?
capital resource
human resource
natural resource
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The United States is studying the effects of the coronavirus on unemployment, this is
macroeconomics
microeconomics
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Dixon Public Schools is analyzing home values for tax purposes. This is
macroeconomics
microeconomics
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A young family decides to spend their $1,200 stimulus check to buy two tablets for their young children instead of going on vacation. What is the opportunity cost?
tablets
vacation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The highest valued item given up when a choice is made is called a/an
marginal benefit
opportunity cost
capital good
natural resource
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