
Econ Quizziz #1- Fall 2023
Authored by Trent Goldsmith
Social Studies
9th - 12th Grade
Used 1+ times

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12 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What activity involved "knowing thyself", a key to economic thinking and reasoning?
The Pearl Exchange Light
Stossel both sides
The World's Smallest Political Quiz
The Ultimatum Game
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What happened when the supply of pearls decreased but the demand for pearls stayed the same?
price dropped
quantity supplied went up
price increased
nothing
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In the Stossel video, "Are We Running Out of Resources?", what was the argument that we are not?
global warming
human innovation
aliens
but, Mr Goldsmith, we are running out!
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The Ultimatum Game is a great economic simulation because it
studies human behavior with limited resources
involves money, graphs, and the stock market
allows for competition
has a centrally planned leader running the whole system with predactible outcomes
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The "Founding Father of Modern Day Economics" is
Milton Freidman
Adam Smith
Lebron James
Benjamin Franklin
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
T or F: Economics encompasses math, science, language, psychology and other subjects due to its robust nature of questioning everything and studying human behavior.
True
False
What?
MJ>LBJ
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
T or F: Economics is simply about money, graphs, and the stock market.
True
False
Bitcoin!!
MJ GOAT
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