Economics TCI #1

Economics TCI #1

12th Grade

10 Qs

quiz-placeholder

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Economics TCI #1

Economics TCI #1

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Kristal Miller

Used 4+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any factor that encourages or motivates a person to do something. Prices, taxes, and laws create incentives that influence how people behave.

scarcity

tradeoff

incentives

economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

economics

positive economics

tradeoff

cost-benefit analysis

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the exchange of one benefit or advantage for another that thought to be better

tradeoff

normative economics

cost-benefit analysis

economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tax that everyone pays the same amount no matter how much money they make.

progressive tax

no tax

Flat Tax

scarcity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a tax that you pay a higher percent depending on how much your income is

scarcity

progressive tax

tradeoff

flat tax

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the branch of government that uses objective analysis to fine out how the world works. The goal is to describe how things are.

cost-benefit analysis

normative economics

incentive

positive economics

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the condition that results because people have limited resources but unlimited wants

tradeoff

scarcity

normative economics

economy

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