CHAPTER ONE TEST - ECONOMICS

CHAPTER ONE TEST - ECONOMICS

9th - 12th Grade

•

30 Qs

quiz-placeholder

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CHAPTER ONE TEST - ECONOMICS

CHAPTER ONE TEST - ECONOMICS

Assessment

Quiz

•

Social Studies

•

9th - 12th Grade

•

Practice Problem

•

Easy

Created by

Jennifer Hartman

Used 8+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Adam Smith was one of the first people to consider the subject of ______.

government

economics

biology

microeconomics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did Adam Smith think was the key to a healthy economy?

money

communism

resources

competition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call a system used to manage limit resources for the production, distribution, and consumption of goods and services?

communism

government

Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____________ is the study of how people use their limited resources to satisfy their unlimited wants.

Government

Economics

Algebra

Physics

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The branch of economics that uses objective analysis is called _________ Economics.

Positive

Negative

Normative

Abnormative

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The branch of economics that applies value judgements to data in order to recommend action or policies called ____________ Economics.

recommendation

positive

normative

all of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ______________ is the exchange of one benefit or advantage that is thought to be better.

bargain

economic choice

barter

tradeoff

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