
ECON
Authored by Julia Masuda
Science
11th Grade
Used 7+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Contrast microeconomics to macroeconomics.
Microeconomics is the study of the whole economy at a national level and macroeconomics is the study of the behavior of individual markets within the economy
Microeconomics deals with country relations and macroeconomics deals with company relations
Microeconomics studies individuals and businesses decisions, while macroeconomics studies the decisions made by countries and governments.
Microeconomics and macroeconomics are the same but with fancy prefixes
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are the factors of production?
Land
Labour
Goods and services
Capital
Entrepreneurship
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics goods are the products produced using scarce resources
TRUE
FALSE
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The highest value alternative foregone for the option chosen in a decision-making situation is ___________
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What is this diagram called
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Allocation is the _______ of the factors of production to produce different goods and services in an economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following diagrams is the diagram that represents constant cost?
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