What is Economics Quiz
Authored by Phillip Hollingshead
History
12th Grade
Used 2+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is about allocating resources to produce and distribute which of the following?
outcomes and properties
consumers and producers
goods and services
wages and profits
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A capitalist country has which economic system?
free-market
command
planned
traditional
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is an economic system run by the government?
a mixed economy
a planned economy
a free-market economy
Inflated economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT one of the three basic economic questions?
What to Produce
When to Produce
How to Produce
For Whom to Produce
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a Factor of Production?
wants
capital
labor
land
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a good?
tune up
oil change
car wash
car
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a service?
windshield wipers
floor mats
car wash
car
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