APPLIED ECONOMICS
11th Grade
•5 Qs
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APPLIED ECONOMICS
Quiz
•
Education, Social Studies
•
11th Grade
•
Medium
Rommel Javier
Used 6+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is the application of economic theories and principles to real-world situations with the desired aim of predicting potential outcomes.
APPLIED ECONOMICS
FACE MASK
PANIC BUYING
ECONOMETRICS
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. Came from nature that are used in production including land, raw materials and natural processes.
OPPORTUNITY COST
ECONOMETRICS
NATURAL RESOURCES
APPLIED ECONOMICS
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. Goods and services to be produced are based on the needs of the consumers.
WHAT TO PRODUCE
HOW TO PRODUCE
WHEN TO PRODUCE
WHY TO PRODUCE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. This has something to do with the combination of resources to be used.
WHAT TO PRODUCE
HOW TO PRODUCE
WHEN TO PRODUCE
WHY TO PRODUCE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. Is the application of statistical and mathematical theories to economics for the purpose of testing hypotheses and forecasting future trends.
OPPORTUNITY COST
ECONOMETRICS
NATURAL RESOURCES
APPLIED ECONOMICS
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