Economics Unit 1 Review: Fundamentals of Economics
Authored by Brittany Claypool
Social Studies
12th Grade
Used 61+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where is a point located on a production possibilities curve if the economic system is experiencing inefficiency?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a basic economic question?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are used to produce something for a profit?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is television set for sale at the electronics store an example of a CAPITAL or a CONSUMER good?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Habits, customs, and traditions answer the three economic questions in which type of economy?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Businesses sell goods and services in the...
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the government in a command economy?
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