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Ib economics review

Authored by Jina Merhi

Social Studies

11th - 12th Grade

Used 89+ times

Ib economics review
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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not within the scope of economics

Resource allocation

Scarcity

Building a successful business

What production should take place

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the fundamental economic problem faced by all countries?

Inflation

Unemployment

Scarcity

Economic recession

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a basic economic problem that an economy must strive to solve?

Deciding what goods and services to produce

Determining the most efficient method of production

Deciding what ought to be the priority of the government

Deciding for whom the production of goods should be produced

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a fundamental economic question?

For whom production should take place?

What production should take place?

Why production should take place?

How production should take place?

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A

B

C

D

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A

B

C

D

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A

B

C

D

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