Intro to Econ

Intro to Econ

9th - 12th Grade

•

25 Qs

quiz-placeholder

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Intro to Econ

Intro to Econ

Assessment

Quiz

•

History, Social Studies

•

9th - 12th Grade

•

Medium

Created by

Dan Hogan

Used 14+ times

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25 questions

Show all answers

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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