Econ-Review quizizz due March 2

Econ-Review quizizz due March 2

11th - 12th Grade

42 Qs

quiz-placeholder

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Econ-Review quizizz due March 2

Econ-Review quizizz due March 2

Assessment

Quiz

Social Studies

11th - 12th Grade

Medium

Created by

Susan Highfield

Used 1+ times

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42 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT one of the 4 key assumptions of economics?

society has unlimited wants and limited resources

due to scarcity, choices must be made and every choice has a cost

real-life situations can be explained and analyzed through simplified models and graphs

everyone is selfish

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

finite

limited

unlimited

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

PPC stands for Production Possibilities Curve

true

false

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

scarcity results from unlimited wants and finite resources.

True

False

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Economics is the study of _________.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

firms are another word for

individuals

businesses

the government

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

the PPC demonstrates scarcity, trade-offs, and opportunity costs

true

false

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