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Intro to Econ Quiz

Authored by Dylan Ward

Social Studies

12th Grade

Used 3+ times

Intro to Econ Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is economics?

The study of how people use scarce resources to fulfill their wants and needs

The study of how people use unlimited resources to fulfill their wants and needs

The study how people can use math to put students to sleep

The study of how people can use their wants and needs to create resources.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these best describes scarcity?

Scarcity is a myth

There is a place called Scar City that houses the King of Economics

Scarcity is when you have a shortage of resources

Scarcity occurs when there is an abundance of resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is this a want or a need: Water

Want

Need

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is this a want or a need: Airpods?

Want

Need

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is this a want or a need: Shelter?

Need

Want

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Microeconomics is:

The study of small money, like loose change

Studying economics on a personal/smaller scale

Studying economics on a larger/corporate scale

Looking at money with a magnifying glass

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Macroeconomics is

The study of small scale economics

The study of computer macros

The study of large scale economics

The art of making macramé with money

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