Economics Exam 1

Economics Exam 1

9th - 12th Grade

23 Qs

quiz-placeholder

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Economics Exam 1

Economics Exam 1

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Susan Looger

Used 21+ times

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23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following helps determine somethings value?

utility

scarcity

neither

both A and B

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is

limited wants and unlimited resources

limited wants and limited resources

unlimited wants and limited resources

unlimited wants and unlimited resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which branch of economics studies the economic decisions of businesses and individuals?

microeconomics

macroeconomics

global economics

general economics

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which branch studies the economy as a whole?

microeconomics

macroeconomics

global economics

basic economics

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Computers used to produce magazine articles are examples of

Land

Labor

Capital

Entrepreneurs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The developer of a new smart-phone app is an example of which type of resource?

Land

Labor

Capital

Entrepreneur

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Oranges used to make orange juice are an example of which type of resource?

Land

Labor

Capital

Entrepreneur

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