Economics Chapter 1.3

Economics Chapter 1.3

12th Grade

10 Qs

quiz-placeholder

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Economics Chapter 1.3

Economics Chapter 1.3

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

Sabrina McAnally

Used 3+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth is an increase in a nation's output of goods and services over time.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics growth usually can be achieved without investing in new resources.

True

false

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth leads the production possibilities frontier to contract

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People's skills, abilities, health, knowledge, and motivation all add up to entrepreneurship.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Separation of tasks to be preformed by different workers is division of labor.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would result in a change in the production possibilities frontier in the mythical country of Alpha?

An influx of immigrants from other countries

The discovery of an abundant natural resource

A long draught

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the mythical country Alpha, and entrepreneur has introduced a new technology that makes manufacturing twice as efficient as before. How likely to affect the production possibilities frontier.

It would not change the frontier

It would make the frontier smaller

It would expand the frontier

It would change the shape of the frontier

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