Applied Economics Exit Exam.
Authored by Argie Navarro
Mathematics
12th Grade
CCSS covered
Used 39+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
It is the proper allocation and efficient use of available resources for the maximum satisfaction of human wants?
Science
Mathematics
Accounting
Economics
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
It is an activity of earning money, buying goods and services or saving money in a bank?
Economics
Buying
Accounting
Financial
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Economics also classified as ____ science because it deals with the study of man’s life and how it deals with other men?
Social
Cultural
Biological
Political
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One of the basic economic problems is: What __________ to produce?
Needs and priorities
Clothing and shelter
Conduct and behavior
Goods and services
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The most essential in understanding the economy as a system?
Macroeconomics
Microeconomics
Economics
Industry
6.
OPEN ENDED QUESTION
2 mins • Ungraded
Why does it cost money to produce and consume the goods society wants?
Note: Answer it in four sentences.
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Tags
CCSS.RI.8.1
CCSS.RI.8.8
CCSS.RL.11-12.1
CCSS.RL.8.1
CCSS.RL.9-10.1
7.
OPEN ENDED QUESTION
1 min • Ungraded
Why do we have to make choices and trade-offs?
Note: Answer it in three sentences
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