Econ Year to Date Review

Econ Year to Date Review

9th - 12th Grade

39 Qs

quiz-placeholder

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Econ Year to Date Review

Econ Year to Date Review

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Dan Micciche

Used 7+ times

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39 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is...

studying goods, services, and how people can get them.
studying trees, bushes, and other plants.
studying animals and wildlife.
studying food, and how food is made.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What do economists mean by the term "scarcity"?

Having too few or too little of resources

Having too many resources

Having just enough resources

Having the correct amount of resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which choice best describes the economic problem of scarcity in the world?

People have limited wants there is an unlimited amount of resources.

People have unlimited wants but there is a limited amount of resources

People have no wants so resources don't matter

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are examples of goods?

Apples, Computers, Clothing

Firemen, Police Officers, Soldiers

Health, Love, Friendship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are examples of services?

Apples, Computers, Clothing

Firemen, Police Officers, Soldiers

Health, Love, Friendship

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This means that the government should not interfere in the marketplace.

Laissez Faire

Capitalism

Communism

Socialism

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money a business makes after its expenses are paid

profit

supply

demand

scarcity

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