Economic 1 - 12th grade
Authored by Cross Swiftfoot
Social Studies
12th Grade
Used 64+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is...
a complex system of: production, consumption and exchange activities
a study of how people allocate scarce resources
a condition where not enough resources are available to meet all the needs and desires
the basic problem in economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economy is...
a complex system of: production, consumption and exchange activities
a study of how people allocate scarce resources
a condition where not enough resources are available to meet all the needs and desires
the basic problem in economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics analyze and describe
the production, distribution, and consumption of wealth
the production, distribution, and resources
the production, goods, and consumption of wealth
the input, output, and consumption of wealth
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the option below is not the reason of why people study economic.
It develops critical-thinking and problem-solving skills to make good decisions.
It helps people understand the world around them
It enables people to understand the the event happened in the past to make better decision for the present day
It is the presence of scarce resources
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Resources are...
The inputs that society uses to produce output/goods
The basic problem in economics
The goods and services that people produce
The output that society uses to produce inputs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity is
a condition where not enough output are available to meet all the services
a condition where not enough desires are available to meet all the needs
a condition where not enough resources are available to meet all the needs and desires
a condition where not enough resources are available to meet all the output
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The focus of economics is...
How society allocates resources and goods
How society allocates services and goods
How society allocates scarce resource and free resource
How society allocates needs and goods
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