
Econ Final Exam Review
Authored by Zachary Stephenson
Social Studies
10th Grade
Used 1+ times

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64 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the "study of how a society deals with the problem of scarcity"?
Economics
Sociology
Civics
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would be considered a consumer good?
An X-ray machine
A toothbrush
A forklift
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When we say something is scarce, what does that mean?
We have an unlimited amount of it
We can easily get more of it
We don't have enough of it to meet demand
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
"Two or more alternatives that you must choose between" are called_____
Trade-offs
Macro and Micro economics
Opportunity Cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What you give up when you choose one trade-off over another is your ________________
Profit
Surplus
Opportunity Cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics system where the government has complete control
Capitalism
Communism
Socialism
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic system where the government has control over some part of the economy such as necessary services
Capitalism
Communism
Socialism
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