Macro & Micro Economics

Macro & Micro Economics

10th - 12th Grade

8 Qs

quiz-placeholder

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Macro & Micro Economics

Macro & Micro Economics

Assessment

Quiz

Business

10th - 12th Grade

Medium

CCSS
RI.8.2, RL.11-12.2, RL.7.2

+2

Standards-aligned

Created by

Priscilla Davis

Used 14+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the study of the nations economy as a whole.

Microeconomics

National economy

National output

Macroeconomics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the measure of a country's total production of final goods and services in a given period of time.

Gross National Product

Gross Domestic Product

Exports

Imports

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Refer to the study of the economic behaviour of individual components like industries, firms, and households.

Macroeconomics

Consumer Behaviour

Microeconomics

Positive Economics

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the main reason why there is a study of microeconomics.

Resources

Scarcity

Household

Profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a kind of commodity which refers to tangible object (e.g. cars, clothes, shoes, book and many more).

Production

Services

Consumption

Goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is when

Unlimited wants is met with limited resources

Forcing to pick some choices and reject the rest

Choosing one alternative means giving up another

All of them

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
A necessity is something we need to live. Which answer describes a necessity?
Food
School

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
Law of demand says if the price of pizza falls, the demand for pizza will what?
Increase
Decrease