Economics Standards

Economics Standards

11th - 12th Grade

22 Qs

quiz-placeholder

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Economics Standards

Economics Standards

Assessment

Quiz

Social Studies

11th - 12th Grade

Easy

Created by

Fred Day

Used 8+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A Consumer is

someone who purchases a good or service

Someone who makes a good or service

Someone who created a good or service

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A producer is

Someone who is consuming a good

A company creating goods and services

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Scarcity is all about

making choices with limited resources

making choices with unlimited resources

An oil pipeline is broken

A grocery store's refrigerators go out

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Opportunity Cost is

The most desirable outcome given up along with a value

A choice between two options

Using a coupon at a store

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A trade off is

A value given up

The choice between two different options

A way to make people act a certain way

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Labor is

Someone inventing taking a risk

Someone physically doing manual labor

someone ordering on Amazon.com

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Capital is

Someone working

Someone ordering food through door dash

The means of producing a mean or profit

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