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econ unit 1 quiz

Authored by Christopher Wilkes

Social Studies

10th Grade

Used 5+ times

econ unit 1 quiz
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57 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a shortage or lack of supply

demand

scarcity

consume

supply

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Economics?

a system of destroying, storing, and consuming goods and services

a system of not producing needed goods and services

a system of producing, distributing, and consuming goods and services

a system of growing plants and trees to better the environment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

to buy a product or service

demand

produce

consume

supply

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

selling and shipping a product is: ____________________

Produce

Distribute

Demand

Supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the desire for a product or service

Demand

Supply

Consume

Produce

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Laissez-faire practices are most closely associated with a

command economy
traditional economy
mixed economy
market economy

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Which speaker is referring to laissez-faire capitalism?

Speaker A
Speaker B
Speaker C
Speaker D

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