
Economics Quiz
Authored by Jasmine Franklin
Social Studies
12th Grade
Used 18+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
24 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Defintion of durable goods
last longer than 3 years
machine/tool
does not last longer than 3 years
risk taker, one who calls the shots
Answer explanation
items with the expected lifetime GREATER THAN THREE YEARS is a durable good
- prefix of durable is "dur"- "hard;strong; lasting
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
natural resource
economics
enterpenurship
land
labor
Answer explanation
"gift from nature"
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is this model called?
Economic growth
production of products curve
Photosynthesis
circular flow of economic activity
Answer explanation
demonstrates how money moves from producers to households and back again in an endless loop
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which one of these is a factor for production
specialization
labor
errand running
money management
Answer explanation
the people who are making it happen; putting the physical work in
5.
MULTIPLE SELECT QUESTION
45 sec • 2 pts
what is an example of a nondurable good?
disposable diapers
refrigerator
paper
bicycle
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
defintion of capital goods
machine/tool
none of these
risk taker; calls all the shots
specific task set for each individual
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
In a socialist economy, how much does the government own?
None of the above; socialist economy is not an economic system
None of it; all for the people
All of it of the factors of production
Some/most, but not all the factors of production
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?