
Economics Quiz Q1 (Retake 2021) ch1 and 2

Quiz
•
Other
•
11th - 12th Grade
•
Medium
Laila Effat
Used 5+ times
FREE Resource
42 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In my country, central planners decide when we should expand old factories and build new ones.
Traditional
Command
Market
Mixed
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In my country my job is the same one that my family has done over the past 200 years.
Traditional
Command
Market
Mixed
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
__________ : when people want or need more of something than there is.
Scarcity
Profit
Opportunity Cost
Tax
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