Intro to Economics Quizziz
Authored by Steven Howard
Life Skills
9th - 12th Grade
Used 3+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is scarcity?
Giving something up to have something else
Extra cost of production
The condition that results form having unlimited wants with limited resources
Rise in general level of prices and workers need more money
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a natural resource?
Oil
Water
Car
Air
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following IS a capital resource?
Wood
Computer
Labor
Knowledge
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When all aspects of the economy are determine by a central figure
Command
Market
Mixed
Traditional
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Decisions in the economy are based on buyer/seller choices
Command
Market
Mixed
Traditional
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Combines public and private businesses
Command
Market
Mixed
Traditional
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who buys goods and services
consumer
entrepreneur
resource
currency
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