
EPF U1 Vocab. & Concept Apps
Authored by Jodi ApexFriendshipHS
Social Studies
11th Grade
Used 3+ times

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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the study of how we make decisions in a world
with limited resources
economics
microeconomics
macroeconomics
scarcity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the study of the economic behavior and
decision making of small units, such as individuals, families,
and businesses
economics
microeconomics
macroeconomics
scarcity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the study of the economy as a whole,
including topics such as inflation, unemployment, and
economic growth
economics
microeconomics
macroeconomics
scarcity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
unlimited wants and limited resources (time, money,
energy, etc.); always exists!
economics
microeconomics
macroeconomics
scarcity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
things we would like to have
wants
needs
cost-benefit analysis
tradeoff
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
things we need to survive
wants
needs
cost-benefit analysis
tradeoff
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a decision-making process in which
you compare what you will sacrifice and gain by a specific
action
wants
needs
cost-benefit analysis
tradeoff
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