
Ib economics review
Authored by Jina Merhi
Social Studies
11th - 12th Grade
Used 89+ times

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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
A
B
C
D
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A
B
C
D
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A
B
C
D
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