QUIZ 101
Quiz
•
Business
•
1st - 12th Grade
•
Practice Problem
•
Medium
Josua Cabural
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The following are the four (4) basic economic activity of consumers except
earning
liquidating
borrowing
saving
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It refers of gaining money by working, owning a
business, or receiving investment returns.
saving
investing
earning
spending
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
which of the following involves realizing that career choices greatly affect lifetime earnings & standard of living & considering these factors when making career choices.
responsible borrowing
responsible earning
career choice
planning
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The way a person spends money determines the value received and influences the economy. This is an act of what economic activity?
spending
borrowing
earning
saving
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An economic system cannot produce all
goods and services that consumers want, and most consumers
do not have the resources to purchase everything they want.
Law of Demand
Law of Scarcity
Law of Supply
All of the above
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The highest-valued alternative that must be given up when a choice is made is called
trade-off
opportunity cost
demand
wants
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The choice of one item while giving up another is called
trade-off
need
wants
opportunity cost
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