LESSON 2. PRINCIPLES OF ECONOMICS
Authored by phuong Trinh
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University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Choose the correct category of this principle.
"Prices Rise When the Government Prints Too Much Money"
how individuals make decisions
how people interact with one another
how the economy works as a whole
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Choose the correct category of this principle.
"The Cost of Something Is What You Give Up to Get It"
how individuals make decisions
how people interact with one another
how the economy works as a whole
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Choose the correct category of this principle.
"People Respond to Incentives"
how individuals make decisions
how people interact with one another
how the economy works as a whole
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Choose the correct category of this principle.
"Governments Can Sometimes Improve Market Outcomes"
how individuals make decisions
how people interact with one another
how the economy works as a whole
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Choose the correct category of this principle.
"Trade Can Make Everyone Better Off"
how individuals make decisions
how people interact with one another
how the economy works as a whole
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Choose the correct category of this principle.
"A Country’s Standard of Living Depends on Its Ability to Produce Goods and Services"
how individuals make decisions
how people interact with one another
how the economy works as a whole
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Choose the correct category of this principle.
"People Face Trade-offs"
how individuals make decisions
how people interact with one another
how the economy works as a whole
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