ECON 101

ECON 101

11th Grade

15 Qs

quiz-placeholder

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ECON 101

ECON 101

Assessment

Quiz

Social Studies

11th Grade

Medium

Created by

Samuel Rosen

Used 16+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the gap between available resources and wants

supply

demand

scarcity

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the amount of a product or service available, and the desire of buyers for it

Supply and Demand

Factors of production

Investments

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the resources needed to industrialize/build a business (land, labor, capital)

Market Economy

Factors of Production

GDP

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the potential benefits an individual, investor, or business misses out on when choosing one alternative over another

Assets

scarcity

opportunity cost

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

anything of value owned by an individual or company that could be converted into cash

stock

asset

bond

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

a piece of ownership of a company

stock

asset

bond

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

an investment bought from a bank that operates off interest rates

stock

asset

bond

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