Unit 1 Basics of Economics #1
Quiz
•
Social Studies
•
12th Grade
•
Easy
Jittaun Jones
Used 26+ times
FREE Resource
Enhance your content in a minute
16 questions
Show all answers
1.
DRAG AND DROP QUESTION
30 sec • 1 pt
Economics can be described as the study of (a)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 4 Factors of Production (FOP) are
rent for land, wages for labor, profit for capital, interest for entrepreneurship
land, labor, capital, entrepreneurship
land, labor, physical capital, financial capital
land, labor, resources, profits
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Emily is deciding what to do after high school. Right now her two options are: go to college or enter the workforce/get a job. She can only choose one. Emily decides to get a job. Which of the following is the opportunity cost of her decision?
money
job
time
college
4.
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
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The additional benefit of the use/comsumption of an additonal good or service
Marginal benefit
Marginal cost
Utility
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Vegetation, animals, minerals, air, water, climate
Land Resources
Labor Resources
Capital Resources
Entrepreneurs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An item used in production, such as tools, equipment, machinery, factories, etc
Capital Resources
Labor Resources
Land Resources
Entrepreneurs
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
12 questions
Economics Vocabulary 1 Intermediate
Quiz
•
12th Grade
20 questions
Econ Unit 1 Review
Quiz
•
12th Grade
12 questions
OCS Civic Literacy Mod 1 Lesson 1 vocabulary
Quiz
•
9th - 12th Grade
20 questions
What is Economics? Sec.1 & 2
Quiz
•
12th Grade
13 questions
Econ Review Quiz 1 Spring '23
Quiz
•
12th Grade
19 questions
Basic Economics
Quiz
•
10th - 12th Grade
13 questions
Macroeconomics part 1
Quiz
•
12th Grade
16 questions
Unit 1 AP MicroEconomics
Quiz
•
11th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
20 questions
Figurative Language Review
Quiz
•
6th Grade
Discover more resources for Social Studies
26 questions
APUSH Period 6 Review
Quiz
•
12th Grade
20 questions
WG Vocabulary List 21 2025
Quiz
•
9th - 12th Grade
73 questions
AP Psychology - Developmental Psychology
Quiz
•
10th - 12th Grade
15 questions
American and French Revolutions
Quiz
•
9th - 12th Grade
20 questions
Napoleon and European History Quiz
Quiz
•
9th - 12th Grade
15 questions
PFLE: Unit 2 Review
Quiz
•
12th Grade
16 questions
Unit 4 Industrial Revolution
Quiz
•
12th Grade
11 questions
Supremacy Clause 5d
Lesson
•
9th - 12th Grade
