Fundamental Economic Concepts

Fundamental Economic Concepts

11th - 12th Grade

30 Qs

quiz-placeholder

Similar activities

แฟนพันธ์ุแท้ ASEAN ม.ต้น

แฟนพันธ์ุแท้ ASEAN ม.ต้น

12th Grade

25 Qs

Vision of Indian Constitution

Vision of Indian Constitution

6th - 12th Grade

25 Qs

The Great Depression & The New Deal

The Great Depression & The New Deal

10th - 12th Grade

26 Qs

Louisiana Purchase

Louisiana Purchase

8th - 12th Grade

29 Qs

Soc Unit 5 - Family & Marriage

Soc Unit 5 - Family & Marriage

10th - 12th Grade

25 Qs

Mr. Zipf - Middle East Geography Quiz

Mr. Zipf - Middle East Geography Quiz

6th - 12th Grade

26 Qs

UNIT 3: FEDERALISM REVIEW

UNIT 3: FEDERALISM REVIEW

12th Grade

28 Qs

Structure and Origins of Government #1

Structure and Origins of Government #1

9th - 12th Grade

29 Qs

Fundamental Economic Concepts

Fundamental Economic Concepts

Assessment

Quiz

Social Studies

11th - 12th Grade

Easy

Created by

Wally Salter

Used 20+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is the basic economic problem?

Opportunity Cost

Scarcity

Factors of production

Goods and Services

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is one of the basic economic questions?

What should we produce?

How should things be produced?

Who should things be produced for?

All of the above?

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What does the PPC/PPF illustrate?

The basic economic questions

opportunity cost

regressive taxes

business cycle

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The higher you education, the higher your standard of living.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of these is a factor of production?

Supply

Demand

Trade-offs

Land

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Opportunity cost is the next best choice when a decision is made.

False

True

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

Which point on the PPC is desirable but not attainable?

A

B

D

E

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?