Economics Basics, Supply & Demand Review
9th - 12th Grade
•19 Qs
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Economics Basics, Supply & Demand Review
Quiz
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Medium
Spencer Sterner
Used 8+ times
FREE Resource
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19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Economics is all about...
Money
Supply & Demand
Decisions
Graphs
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
There are limited resources in the world. What is this known as?
Scarcity
Shortage
Trade-off
Entrepreneurship
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The value of what you miss out on by not making a certain decision.
Scarcity
Opportunity Cost
Economics
Quantity Demanded
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which factor of production is a nurse?
Land
Labor
Capital
Entrepreneurship
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which factor of production is a river?
Land
Labor
Capital
Entrepreneurship
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which factor of production is a forklift?
Land
Labor
Capital
Entrepreneurship
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following best describes how involved the U.S. government gets in the economy?
A ton
A little bit
Not at all
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