ECONOMICS (Make-Up Quiz)

ECONOMICS (Make-Up Quiz)

12th Grade

20 Qs

quiz-placeholder

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ECONOMICS (Make-Up Quiz)

ECONOMICS (Make-Up Quiz)

Assessment

Quiz

History, Social Studies

12th Grade

Easy

Created by

Richard Houston

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is the study of ______________

Money

How to get rich

Consequences and Punishments

Choices

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The objective of the economy is to

satisfy limited needs and wants with unlimited resources

satisfy unlimited needs and wants with limited resources

satisfy unlimited needs and wants with unlimited resources

satisfy limited needs and wants with limited resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When economists say that resources are scarce, it means that they are what?

Limited

Lacking

Overflowing

Rare

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The goods or services necessary to sustain life.

need

want

land resource

labor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What best describes a want?

An unnecessary object

A commodity that fulfills a desire

An expensive object

A derived need

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Countries and states utilize this to solve the problem of allocation.

Culture and Norms

Rules and Regulations

Economic Systems

Fiscal Policies

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is considered a ______________ science.

philosophy

social

historical

astronomy

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