APPLIED ECONOMICS

APPLIED ECONOMICS

11th Grade

5 Qs

quiz-placeholder

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APPLIED ECONOMICS

APPLIED ECONOMICS

Assessment

Quiz

Education, Social Studies

11th Grade

Practice Problem

Medium

Created by

Rommel Javier

Used 6+ times

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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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