Topic 1 Quiz Review for What is Economics?

Topic 1 Quiz Review for What is Economics?

10th - 12th Grade

15 Qs

quiz-placeholder

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Topic 1 Quiz Review for What is Economics?

Topic 1 Quiz Review for What is Economics?

Assessment

Quiz

Social Studies

10th - 12th Grade

Medium

Created by

Lisa Guenther

Used 8+ times

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15 questions

Show all answers

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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