Econ Final Exam Review

Econ Final Exam Review

10th Grade

64 Qs

quiz-placeholder

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Econ Final Exam Review

Econ Final Exam Review

Assessment

Quiz

Social Studies

10th Grade

Medium

Created by

Zachary Stephenson

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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