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Economics CHP 1.

Authored by joy howard

Social Studies

12th Grade

Used 7+ times

Economics CHP 1.
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35 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

each worker learns one task very well

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Specialization

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2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Quality of Life

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Standard of living

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3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

represents the range of production possibilities

Production Possibilities Curve

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4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

where all of the factors of production are bought and sold

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.

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Factor Market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a fundamental problem in every society

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Scarcity

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6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

measures a country's output and economic health

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Gross Domestic Product (GDP)

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7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

manufactured good used to produce other goods and services

Capitol Goods

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