Unit 1 Econ Test Review

Unit 1 Econ Test Review

12th Grade

60 Qs

quiz-placeholder

Similar activities

AP Human Geography Final Exam Practice

AP Human Geography Final Exam Practice

9th - 12th Grade

60 Qs

Islamic Art

Islamic Art

11th Grade - University

62 Qs

unit 15-g12

unit 15-g12

12th Grade

56 Qs

REVIEW INFORMATIKA KELAS 7 SEMESTER 1

REVIEW INFORMATIKA KELAS 7 SEMESTER 1

7th Grade - University

60 Qs

Telangana State Quiz

Telangana State Quiz

6th - 12th Grade

60 Qs

ÔN TẬP ESTE - LIPIT - CACBOHYDRAT 2022

ÔN TẬP ESTE - LIPIT - CACBOHYDRAT 2022

12th Grade

56 Qs

MIL Reviewer

MIL Reviewer

12th Grade

57 Qs

Muscular System

Muscular System

9th - 12th Grade

65 Qs

Unit 1 Econ Test Review

Unit 1 Econ Test Review

Assessment

Quiz

12th Grade

Easy

Created by

The Coach Williams

Used 7+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

60 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three economic questions?

What to produce? How to produce? For whom to produce?
Who to produce? Why you produce? Like to produce?
Why to produce? Tell who to produce? Things to produce?

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Trying to satisfy unlimited wants with limited resources defines _____ and is the fundamental problem of economics.

scarcity

needs

wants

microeconomics

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Land, labor, capital, and entrepreneurs are the

results of supply and demand.

result of production.

basis of employment.

factors of production.

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Someone buys a car in exchange for a large amount of money. They have completed an exchange in which part of the circuclar flow model?

Product Market

Factor Market

Firms

Individuals

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What are the four main parts of the circular flow diagram?

Product Market, Stock Market, Factor Market, Fish Market

Product Market, House Market, Factor Market, Good Market

Factor Market, Product Market, Households, Firms

Factor Market, households, Stock Market, super market

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What do businesses provide for consumers according to the circular flow model?

goods and services
only goods
only services
taxes

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What do households provide to the resource market?

land, labor, capital 
money
people
income

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?