Econ Unit 1 Review

Econ Unit 1 Review

12th Grade

•

36 Qs

quiz-placeholder

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Econ Unit 1 Review

Econ Unit 1 Review

Assessment

Quiz

•

Social Studies

•

12th Grade

•

Medium

Created by

Daniel Hollenbaugh

Used 2+ times

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36 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals who come up with a new idea for a good or service, then they make it a reality

resource
human resources
consumer
entrepreneur

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something we use from nature

natural resource
human resource
capital resource
entrepreneur

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The idea that resources are limited; we don't have an unlimited supply of what we want

scarcity
supply
demand
inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Human-made materials used to produce goods and services.

capital

land

labor

entrepreneur

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy where the government controls the factors of production resources.

command

market

capitalism

mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

how resources are used to meet peoples wants and needs

economics

demand

supply

entrepreneur

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The talents and skills of human beings used to create goods is an example of which Factor of Production?

labor

land

capital

entrepreneur

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