Unit 2-Fundamental Economic Concepts

Unit 2-Fundamental Economic Concepts

12th Grade

31 Qs

quiz-placeholder

Similar activities

BGS Y9 Easter End of Unit Test

BGS Y9 Easter End of Unit Test

10th - 12th Grade

36 Qs

Earth-Moon-Sun Exam

Earth-Moon-Sun Exam

9th - 12th Grade

26 Qs

Gen Ed (March 12, 2022)

Gen Ed (March 12, 2022)

12th Grade - Professional Development

26 Qs

IPS KELAS 9 - 2

IPS KELAS 9 - 2

1st - 12th Grade

30 Qs

KUIS WIRAUSAHA JASA PROFESI DAN PROFESIONALISME

KUIS WIRAUSAHA JASA PROFESI DAN PROFESIONALISME

12th Grade

35 Qs

Japanese Expansionism in East Asia - Part 2 - Events

Japanese Expansionism in East Asia - Part 2 - Events

10th Grade - University

27 Qs

SOC REVISION Year 12

SOC REVISION Year 12

12th Grade

27 Qs

Unit 2 - AC2.2 part 2/5 Hans Eysenck Personality Types Quiz

Unit 2 - AC2.2 part 2/5 Hans Eysenck Personality Types Quiz

12th Grade

28 Qs

Unit 2-Fundamental Economic Concepts

Unit 2-Fundamental Economic Concepts

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Paulla Tiltonmolocznik

Used 14+ times

FREE Resource

AI

Enhance your content in a minute

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

31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the basic economic problem?

Opportunity Cost

Scarcity

Factors of production

Goods and Services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone from a family of hunters becomes a hunter. What economic system is that an example of?

Market Economy

Mixed Economy

Traditional Economy

Command Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these economic goals are usually associated with a market economy?

Stability, Efficiency, and Growth

Freedom, Equity, and Stability

Efficiency, Freedom, and Growth

Security, Stability, and Equity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The higher you education, the higher your standard of living.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is allocation?

The next best choice when you make a decision

The consumers desire to buy a product

The distribution of goods and services

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the above is a factor of production?

Supply

Demand

Trade-offs

Land

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Opportunity cost is the next best choice when a decision is made.

False

True

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

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?