Economics: Final Exam

Economics: Final Exam

9th - 12th Grade

50 Qs

quiz-placeholder

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Economics: Final Exam

Economics: Final Exam

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Robert Brunciak

Used 1+ times

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50 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of these BEST defines Economics?

It's the study of how money works

It aims to figure out why people make good and bad decisions

It's the study of how humans make decisions regarding the use of scarce resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economists are trying to figure out the effects of the Covid pandemic on the travel industry. This is an example of which branch of economics?

Macroeconomics

Microeconomics

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Economists are trying to figure out why Facebook and Tik Tok succeeded while MySpace failed. This is an example of which branch of economics?

Macroeconomics

Microeconomics

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What BEST defines resources in terms of economics?

The things used to make stuff

There is only so much stuff in the world

People need to work to get stuff

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

AirPods- Need or Want?

Need

Want

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Food- Need or Want?

Need

Want

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What BEST defines scarcity in terms of economics?

There are only so many resources in the world despite the unlimited wants of people

Some things are more expensive because there's less of them

Some things scare certain people and need to be avoided

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