Economics Review 10/11

Economics Review 10/11

12th Grade

38 Qs

quiz-placeholder

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Economics Review 10/11

Economics Review 10/11

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

Denise Vosika

Used 12+ times

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38 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is the fundamental concept of economics

scarcity

opportunity cost

TINSTAAFL

Money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Land, Labor, Capital and Entrepreneurs

Factors of choices

Factors of Production

Production choices

Supply and demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Man made goods used to produce other goods

capital

land

labor

entrepreneurs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following is not an example of capital?

Oil

tools

tractors

computers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

unlimited wants with limited resources

opportunity cost

scarcity

trade offs

Entrepreneurs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government and the people share control of the resources and production

Capitalism

Socialism

Communism

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

people own and control the resources, start all the businesses and distribute the goods using supply and demand

Capitalism

Socialism

Communism

Command economy

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