
Economics Unit 1
Quiz
•
Social Studies
•
11th - 12th Grade
•
Medium

BRIANNE MCCLELLAN
Used 2+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________study of how people (including companies/countries) make choices on buying, selling, using, and distributing goods/services.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________ Things required to live such as food, shelter, clothing, air
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____________ anything that it used to make a good or service.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of ______________
Money
How to get rich
Consequences and Punishments
Choices
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity is
Whatever you are giving up to do something.
The study of production, employment, prices, and policies on a nationwide scale
The tension caused by infinite wants and finite resources.
A set of external motivators that help people make choices.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Opportunity cost is
Whatever you are giving up to do something.
The study of production, employment, prices, and policies on a nationwide scale
The tension caused by infinite wants and finite resources.
A set of external motivators that help people make choices.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Incentives are ______________
A set of external motivators that help people make choices.
Whatever you are giving up to do something.
The tension caused by infinite wants and finite resources.
The study of production, employment, prices, and policies on a nationwide scale
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