Basics of Economics

Basics of Economics

11th Grade

29 Qs

quiz-placeholder

Similar activities

Quiz 1.1 Spring 2020

Quiz 1.1 Spring 2020

what is economics

what is economics

Basic Economic Concepts

Basic Economic Concepts

Basic Economics Concepts

Basic Economics Concepts

Econ Basics

Econ Basics

Econ Unit 1 Test

Econ Unit 1 Test

Basics of Economics

Basics of Economics

Assessment

Quiz

History

11th Grade

Medium

Created by

Jennifer Nelson

Used 5+ times

FREE Resource

AI

Enhance your content in a minute

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

29 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a basic economic question?

 FOR WHOM to produce 
WHEN to produce
WHAT to produce
HOW to produce

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The four factors of production are land, capital, labor, and financing.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Microeconomics is the study of  the individual and the market.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Point D on the chart most likely show an economy that ...

has unemployment
is growing
is using all it resources
is having inflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Point L on the chart most likely show an economy that ...

has unemployment
is growing
is using all it resources
is having inflation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term means not enough to satisfy unlimited wants?

Goods

Scarcity

Services

Opportunity Cost

Trade-Offs

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term means things people do for others, i.e. haircuts, teaching etc.

Goods

Scarcity

Services

Opportunity Cost

Trade-Offs

Create a free account and access millions of resources

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?