Unit One Lesson One Economics

Unit One Lesson One Economics

12th Grade

20 Qs

quiz-placeholder

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Unit One Lesson One Economics

Unit One Lesson One Economics

Assessment

Quiz

Other

12th Grade

Practice Problem

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The study of how people choose to use their limited resources to satisfy their unlimited wants

Economics

Macro economics

Micro economics

Incentives

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The study of the economy at the level of individuals, households, and businesses

Positvie economics

Macro economics

Micro economics

Incentives

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Branch of economics that uses objective analysis to find out how the economy actually works, describes how things are

Incentives

Macro economics

Micro economics

Positive economics

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Something that motivates a person to take a particular course of action

Positive economics

Incentives

Tradeoffs

Normative economics

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The study of the workings of the economy as a whole

Macro economics

Micro economics

Tradeoffs

Positive economics

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A system used to manage limited resources for the production, distribution, and consumption of goods and services

Incentives

Normative economics

Positive economics

Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Value judgments to data in order to recommend actions or policies. The goal is to advise how things ought to be done.

Micro economics

Normative economics

Positive economics

Macro economics

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