Year 9 Business Economics Revision

Year 9 Business Economics Revision

8th - 9th Grade

11 Qs

quiz-placeholder

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Year 9 Business Economics Revision

Year 9 Business Economics Revision

Assessment

Quiz

Social Studies, Business

8th - 9th Grade

Practice Problem

Medium

Created by

Wesley Warner

Used 83+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why Study Economics?

I have to do it

I want to learn about the stock market

To learn how to deal with scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Scarcity?

Needs and Wants

Unlimited Needs and Wants

When something is in short supply

When something is rare and expensive

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is macroeconomics

the branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity

the branch of economics concerned with medium-scale economic factors, such as cryptocurrency

the part of economics concerned with single factors and the effects of individual decisions.

the part of economics concerned with single factors and the effects of group decisions.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is microeconomics

the branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity

the branch of economics concerned with medium-scale economic factors, such as cryptocurrency

the part of economics concerned with single factors and the effects of individual decisions.

the part of economics concerned with single factors and the effects of group decisions.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the need in this list

Pure Oxygen

Water

Carbonated Water

Day Spas

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Goods are items that people make or use to satisfy their _____ and ____

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Economic Choice is the choice of or decision among alternatives or p______

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