Economics Review

Economics Review

9th - 12th Grade

20 Qs

quiz-placeholder

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Economics Review

Economics Review

Assessment

Quiz

Social Studies

9th - 12th Grade

Hard

Created by

Amanda Poniatowski

Used 38+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is the science of

Business

Money

Choice

Finance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rewards and punishments that influence people's actions are called

Behaviors

Incentives

Economics

Choices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is true?

Economics is all about money

Economics is about institutions and mathematical models

Economics is a hard science

Economics is the science of choice

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tradeoffs are

giving up something to get something in return

the benefits you miss out when choosing an alternative

money exchanged in the stock market

the profits a business makes in a year

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is

an abundance of something

the fear of missing out

a shortage of something

the amount of money in a budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Opportunity costs are

the value of the economy

how much money you owe after attending college

giving up something to get something else in return

the benefits you miss out on when choosing one alternative over another

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The way goods and services are produced and distributed in a place is called the

deficit

economy

stock market

gross domestic product

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