Search Header Logo

Economics Final Exam

Authored by Hector Clavijo

Other

12th Grade

Used 8+ times

Economics Final Exam
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Scarcity makes businesses think about certain factors, those factors are ________, __________, and ___________.

Gross, Wealth, Gain

Utility, Service, Good

What to produce, How to produce, For whom to produce

Want, Need, Value

2.

FILL IN THE BLANK QUESTION

10 sec • 1 pt

_____ is the social science dealing with how people satisfy seemingly unlimited and competing needs and wants with the careful use of scarce resources.

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What are the four factors of production?

Land, labor, capital, and entrepreneurs.

Pay, benefits, care, and services.

Travel, vendors, popularity, and market.

Visual, logical, physical, and dimensional.

4.

FILL IN THE BLANK QUESTION

10 sec • 1 pt

What would happen if one of the factors of production were missing?

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What are the consumer rights?

Right to vote, right to speak, and right to leave

Right to use, right to work, and right to change

Right to fight, right to learn possibilities, and right to identify

Right to safety, right to be informed, and right to choose

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The term labor means all the abilities and skills of people in a society.

True

False

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What role does specialization play on the productivity of an economy?

Improves productivity

Improves market

Improves interdependence

Improves capital

Access all questions and much more by creating a free account

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?