US History Economics Quiz

US History Economics Quiz

12th Grade

40 Qs

quiz-placeholder

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US History Economics Quiz

US History Economics Quiz

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

Amanda Hinson

Used 6+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The study of how people choose to use their limited resources to satisfy their unlimited wants

Economics

Macro economics

Micro economics

Incentives

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A system used to manage limited resources for the production, distribution, and consumption of goods and services

Incentives

Normative economics

Positive economics

Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The demand for a good or service is greater than the availability of the good or service

Supply

Scarcity

Incentives

Tradeoffs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The exchange of one benefit or advantage for another that is thought to be better

Scarcity

Economy

Tradeoff

Incentives

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Anything used to produce an economic good or a service

Normative economics

Resource

Supply and Demand

Positive economics

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

In this type of economy, the people decide the supply, demand, and price.  
Market 
Traditional
Command 
Mixed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy is usually paired with a Communist government?
Mixed
Market
Command
Traditional

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