SS State Testing: Economics Vocabulary

SS State Testing: Economics Vocabulary

9th - 12th Grade

25 Qs

quiz-placeholder

Similar activities

Market Structures

Market Structures

12th Grade

20 Qs

Econ: Monopolistic Competition and Oligopoly

Econ: Monopolistic Competition and Oligopoly

9th Grade - University

20 Qs

Supply & Demand

Supply & Demand

12th Grade

21 Qs

ISS: Unit 3 Vocabulary Review

ISS: Unit 3 Vocabulary Review

9th - 12th Grade

25 Qs

Business Organizations and Market Structures

Business Organizations and Market Structures

9th - 12th Grade

25 Qs

Market Structures and Competition

Market Structures and Competition

9th - 12th Grade

26 Qs

Economic Markets:  Competition and Monopolies

Economic Markets: Competition and Monopolies

11th - 12th Grade

23 Qs

Market Structure Review

Market Structure Review

12th Grade

22 Qs

SS State Testing: Economics Vocabulary

SS State Testing: Economics Vocabulary

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Heather Simmons

Used 6+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Limited quantities of resources to meet unlimited wants

surplus

supply and demand

socialism

scarcity

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Part of economics that studies the economy as a whole and how choices are made on a national, regional, and global basis

Macroeconomics

Microeconomics

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Using resources in a way that maximizes the production of goods and services

equity

efficiency

consumption

distribution

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Place where goods and services are bought and sold

Factor Market

Product Market

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cost of producing one more unit of a good

Equilibrium Price

Production Cost

Marginal Cost

Gross Cost

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Motivating factors that influence choices

Cost of living

Budgets

Goals

Incentives

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Economic system characterized by central planning and government allocation of resources

Command

Market

Mixed

Traditional

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?