
Economics Retake Quiz
Authored by Hector Elizalde
Social Studies
12th Grade

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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Resources (a.k.a. the factors of production are)
Land and Labor
Land and Capital
Entrepreneurship
Land, Labor, Capital and Entrepreneurship
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Workers
Land
Labor
Capital
Entrepreneurship
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Tools
Land
Labor
Capital
Entrepreneurship
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Raw materials (i.e. cotton, oil...etc.)
Land
Labor
Capital
Entrepreneurship
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The people who bring all the factors together to create something are practicing
Land
Labor
Capital
Entrepreneurship
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The study of economics is primarily concerned with:
demonstrating that capitalistic economies are superior to socialistic economies.
determining the most equitable distribution of society's output.
keeping private businesses from losing money.
choices/decisions that are made due to lack of resources
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the fundamental problem of every society?
labor costs
scarcity
economic interdependence
market fluctuation
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