Unit I AP Micro Test Review

Unit I AP Micro Test Review

10th - 12th Grade

24 Qs

quiz-placeholder

Similar activities

PERANG DUNIA MODERN

PERANG DUNIA MODERN

9th - 12th Grade

20 Qs

Social Studies Online Quiz-29th April 2021 (Our Provinces)

Social Studies Online Quiz-29th April 2021 (Our Provinces)

8th - 10th Grade

20 Qs

Year 11 Key Words Quiz

Year 11 Key Words Quiz

11th Grade

20 Qs

IPS VIII SERU BANGET

IPS VIII SERU BANGET

12th Grade

20 Qs

Korean culture

Korean culture

6th - 12th Grade

19 Qs

Coop9rev4th

Coop9rev4th

9th - 12th Grade

20 Qs

TEMA 1 ASEAN KELAS 6A DAN 6B SD BALONG

TEMA 1 ASEAN KELAS 6A DAN 6B SD BALONG

5th - 10th Grade

20 Qs

Araling Panlipunan 10

Araling Panlipunan 10

10th Grade

20 Qs

Unit I AP Micro Test Review

Unit I AP Micro Test Review

Assessment

Quiz

Social Studies

10th - 12th Grade

Practice Problem

Medium

Created by

Ian Lyons

Used 193+ times

FREE Resource

AI

Enhance your content in a minute

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

24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the opportunity cost of moving from point B to C on the curve?

30 tons of wheat
30 tons of steel
5 tons of wheat
5 tons of steel

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If total utility increases from 150 to 210 utils after consuming a 4th candy bar, then what's the marginal utility per dollar of the 4th candy bar if the price is $2?

60 utils per dollar
110 utils per dollar
30 utils per dollar
75 utils per dollar

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Invisible Hand concept explains

consumers and producers working together with no one directing them

businesses taking advantage of customers

helping those who are disadvantaged

economic planning and direction by experts

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who is the famous economist, defender of free-markets, author of The Wealth of Nations? His writings are considered a foundation for the economic system of capitalism.

Adam Smith
Karl Marx
Friedrich Engels
Weyland Yutani

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

WHAT IS LABOR?

work people do for wages to produce good and services

actions people do for other people

any physical object

The money people get for inheritance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which factor of production is this?

capital

entrepreneur

land

labor

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a natural disaster strikes, the production possibilities curve can shift

No shift
To the left
To the right
Outward on one axis only

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?