Intro to Econ
Quiz
•
History, Social Studies
•
9th - 12th Grade
•
Medium
Dan Hogan
Used 14+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics can be defined as ________________.
the science of decision making
the science of buying and selling
the study of human behavior
the study of unlimited resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity is the economic law that needs and wants are ________________ but resources are ________________.
unlimited / limited
limited / unlimited
costs / benefits
benefits / costs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Good economic decisions are made when the benefits of a choice are greater than the
costs
needs
wants
community
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these things is a "need" and not a "want"?
shoes to keep your feet warm & protected
a really nice house/apartment to live in
going to an elite college or prep school
a smartphone with data/internet access
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the economic concept of "There is No Such Thing As a Free Lunch"
Mr. Hogan isn't buying you lunch!
You should really just wait for dinner
Did you not eat breakfast?
Everything has a cost
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is Economics? Check all that apply
18 year old decide to work or go to college
Businesses deciding what to make/produce
Government deciding to increase spending during a pandemic
Study of money
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of a scarce resource?
Scarce resources must be expensive
Scarce resources must be unlimited in quantity
Scarce resources must have only one use
Scarce resources must be desirable
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