Econ Ch. 1

Econ Ch. 1

11th - 12th Grade

18 Qs

quiz-placeholder

Similar activities

Accounting Quiz

Accounting Quiz

11th Grade

20 Qs

Financial Literacy Unit 3

Financial Literacy Unit 3

12th Grade

14 Qs

Let's Review Civics

Let's Review Civics

12th Grade

20 Qs

UCSP | Quiz | Chapter 3 - Lesson 1

UCSP | Quiz | Chapter 3 - Lesson 1

11th Grade

15 Qs

Applied Economics Quiz

Applied Economics Quiz

12th Grade

20 Qs

Social Science, Natural Science and Humanities

Social Science, Natural Science and Humanities

12th Grade

15 Qs

ULANGAN/REMEDIAL  PERUBAHAN SOSIAL DAN GLOBALISASI KN

ULANGAN/REMEDIAL PERUBAHAN SOSIAL DAN GLOBALISASI KN

12th Grade

20 Qs

Unit 1: Social Science Disciplines- Scientific Method

Unit 1: Social Science Disciplines- Scientific Method

11th Grade

20 Qs

Econ Ch. 1

Econ Ch. 1

Assessment

Quiz

Social Studies

11th - 12th Grade

Medium

Created by

Ben Smith

Used 6+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A popular model used to illustrate the concept of opportunity cost isA popular model used to illustrate the concept of opportunity cost is

the production possibilities curve.

entrepreneurship.

the paradox of value.

the factors of production.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Manufactured goods needed to produce other goods and services are called

nondurable goods.

capital goods.

Gross Domestic Product (GDP).

consumer goods.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The dollar value of all final goods, services, and structures produced within a country’s borders in a single year is

its standard of living.

financial capital.

a cost-benefit analysis.

Gross Domestic Product (GDP).

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of economics is important because it enables us to

describe our standard of living.

increase our consumption of consumer goods.

become better decision makers.

determine what goods ought to be produced.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Division of labor is a characteristic of

home craft businesses.

assembly line production.

classroom education.

entrepreneurship.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is the study of

numbers

people’s choices

how people try to satisfy their unlimited wants through careful use of reletively scarce resources.

the mind

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a factor of production?

land

capital

labor

wages

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?