Intro to Economics Review

Intro to Economics Review

9th - 12th Grade

30 Qs

quiz-placeholder

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Intro to Economics Review

Intro to Economics Review

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Hard

Created by

ARIANNE CAMPBELL

Used 5+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are simplified representations of the real world?

models

wants

incentives

economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are things we would like to have, such as entertainment or vacations?

needs

wants

incentives

free enterprise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the study of how we make decisions in a world where resources are limited?

economics

economy

captialism

market economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is all the activity in a nation that together affects the production, distribution, and use of goods and services?

economics

economy

captialism

market economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are things that are required for survival, like food and clothing?

wants

needs

incentives

rational choice

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a system in which private citizens own most, if not all, of the means of production?

economy

free enterprise

market economy

capitalism

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a system in which businesses are allowed to compete for profit with minimum gov. interference?

economics

capitalism

Free enterprise

market economy

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