Unit 1 Review Economics

Unit 1 Review Economics

9th - 12th Grade

•

27 Qs

quiz-placeholder

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Unit 1 Review Economics

Unit 1 Review Economics

Assessment

Quiz

•

Social Studies

•

9th - 12th Grade

•

Practice Problem

•

Easy

Created by

Bree Linton

Used 2+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

there are not enough resources available to produce everything that individuals demand

production

choice

scarcity

land

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Presents a problem in economics because decisions produce costs

scarcity

choice

entrepreneurship

capital

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The question, How much to produce?, is influenced by

census data

profit projections

consumer demand

government quotes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The resources needed to produce goods and services

capital

factors of production

scarcity

choice

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The factors of production include:

labor, birth, pregnancy

land, water, air, fire

land, labor, entrepreneurship, capital

entrepreneurship, capital, business, money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

all natural resources used to produce goods and services, such as oil, water, coal, air, timber, animals, and minerals

capital

entrepreneurship

land

labor

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any human effort, physical or mental, that goes into producing goods and services, including marketing, distribution, and selling

capital

entrepreneurship

land

labor

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