Economics U1: Basics of Economics (No Math)

Economics U1: Basics of Economics (No Math)

11th - 12th Grade

39 Qs

quiz-placeholder

Similar activities

Government Final Exam Study Guide

Government Final Exam Study Guide

9th - 12th Grade

37 Qs

Mid Term Review

Mid Term Review

6th - 12th Grade

41 Qs

WHAP Review #1

WHAP Review #1

10th - 11th Grade

40 Qs

Ch 14 Bureaucracy Quiz Prep

Ch 14 Bureaucracy Quiz Prep

9th - 12th Grade

43 Qs

Chapter 2: Production Possibilities

Chapter 2: Production Possibilities

12th Grade - University

34 Qs

Civic Issues in Education

Civic Issues in Education

12th Grade

40 Qs

WRS - Europe

WRS - Europe

9th - 12th Grade

40 Qs

Age of Reason & Revolution

Age of Reason & Revolution

9th - 12th Grade

40 Qs

Economics U1: Basics of Economics (No Math)

Economics U1: Basics of Economics (No Math)

Assessment

Quiz

Social Studies

11th - 12th Grade

Practice Problem

Medium

Created by

Blake Bishop

Used 127+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

39 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Desires that can be satisfied by consuming a good or service​ are known as _____.

Wants

Needs

Scarcity

Economics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ exists when there are not enough resources to satisfy human wants​.

Wants

Needs

Scarcity

Economics

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In economics, things that are necessary for survival​ are called _____.

Wants

Needs

Scarcity

Economics

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of how people choose to use scarce resources to satisfy their wants​ is known as ______.

Wants

Needs

Scarcity

Economics

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following choices best lists the three fundamental economic questions?

What to produce, how to produce, and for whom to produce

What time to produce, what place to produce, and how to produce

What to produce, when to produce, and where to produce

What to produce, when to produce, and for whom to produce

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The idea of the "Invisible Hand" which brings balance to the economy is attributed to the famed economist, __________________.

Richard III of Normandy

Richard Keynes

Adam Smith

Adam Lambert

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On a Production Possibilities Curve, where would you find efficient production?

On the curve

Inside the curve

Outside the curve

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?