ECONOMICS AS APPLIED SCIENCE

ECONOMICS AS APPLIED SCIENCE

12th Grade

12 Qs

quiz-placeholder

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ECONOMICS AS APPLIED SCIENCE

ECONOMICS AS APPLIED SCIENCE

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Dexter Magno

Used 84+ times

FREE Resource

12 questions

Show all answers

1.

OPEN ENDED QUESTION

1 min • Ungraded

COMPLETE NAME (LN, FN, MI.)

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

1 min • Ungraded

GRADE 12, SECTION_________________

Evaluate responses using AI:

OFF

3.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

The physical effort of the manpower to produce the basic needs of the consumers describes which factor of production.

Land

Labor

Capital

Entrepreneurship

4.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

The initiative and creativity to produce something new describe which factors of production.

Land

Labor

Capital

Entrepreneurship

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

The equipment of the barbershop to provide services is referred to as _________.

Consumer goods

Capital Goods

Either consumer goods or capital goods

Economic goods

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

The four basic economic problems are the following stated below except?

What to produce

How to produce

For whom to produce

What policy or law governed in production of goods and services

What are the needs and wants of the people

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

If goods are scarce in a society, the firm must make a wise decision on what goods/services should be produced and determine the quantity to pay.

What to produce

How to produce

For whom to produce

What policy or law governed in production of goods and services

What are the needs and wants of the people

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