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Chapter 2, 6.2

Authored by PAUL ADAMS

Fun

9th - 12th Grade

Used 2+ times

Chapter 2, 6.2
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________ is what you give up to get something else

Opportunity Cost

Scarcity

Resources

Factors of Production

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are factors of production?

Land

Scarcity

Labor

Capital

Opportunity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______ is a lack of resources

Capital

Profit

Scarcity

Command

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Steve Jobs created the company, Apple, which makes him a(n) ____________

Market

Entrepreneur

Competition

Consumer

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______ is the amount that producers will make and sell at various prices

Supply

Demand

Equilibrium

Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When prices go up, demand for a good will _______

Go up

Go down

Stay the same

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factories and equipment used to make goods are ______ resources

Land

Labor

Capital

Entrepreneurship

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