
Econ halfway review
Authored by Jonothan Seal
Social Studies
12th Grade
Used 8+ times

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22 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is economics?
The study of the stock market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The problem of unlimited desires and limited resources is the problem of
wants
marginal benefit
scarcity
free enterprise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Natural Resources includes...
The "gifts of nature" or natural resources not created by human effort.
the tools, equipment, and factories used in production of goods and services
people with all their efforts and abilities
individuals who start a new business or bring a product to market.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capital refers to...
The "gifts of nature" or natural resources not created by human effort.
people with all their efforts and abilities
the tools, equipment, and factories used in production of goods and services
individuals who start a new business or bring a product to market.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Labor refers to...
people with all their efforts and abilities
individuals who start a new business or bring a product to market.
the tools, equipment, and factories used in production of goods and services.
The "gifts of nature" or natural resources not created by human effort.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneurs are...
people with all their efforts and abilities
individuals who start a new business or bring a product to market.
The "gifts of nature" or natural resources not created by human effort.
the tools, equipment, and factories used in production of goods and services
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which factor of production would you consider a cow?
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