Financial Decision Making Review

Financial Decision Making Review

9th - 12th Grade

40 Qs

quiz-placeholder

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Financial Decision Making Review

Financial Decision Making Review

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Carter Bott

Used 4+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The value of the next best alternative when a decision is made.

opportunity cost

value

scarcity

choices

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity exists because

China has the resources we need.

there aren't enough resources to produce everyone's wants

everything is too expensive

the government has control over all our resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You can earn a higher wage rate by

building skills that are scarce in the labor market

working more hours each week

beginning a job immediately after high school

working for your family

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You had three options for the evening: play football, go bowling, or watch TV. You really wanted to get some exercise. You chose to go bowling. What was your opportunity cost?

football

bowling

TV

football and TV

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is likely to have the least influence on an individual's values?

grade average

family

media

religious affiliations

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would not be an opportunity cost of spending your weekend sleeping?

getting plenty of sleep

buying new clothes at the mall

spending time with your friends

getting exercise at the gym

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something that you cannot survive without:

want

need

value

opportunity cost

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