BUS 1.1 Formative

BUS 1.1 Formative

12th Grade

15 Qs

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BUS 1.1 Formative

BUS 1.1 Formative

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Mitchell Egazarian

Used 22+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 mins • 10 pts

The field of study of the process or system by which goods and services are produced, sold, and bought.


Microeconomics

Economics

Macroeconomics

Resources

2.

MULTIPLE CHOICE QUESTION

10 mins • 10 pts

The field of study of the process or system by which goods and services are produced, sold, and bought at the individual and company level.


Microeconomics

Economics

Macroeconomics

Resources

3.

MULTIPLE CHOICE QUESTION

10 mins • 10 pts

The field of study of the process or system by which goods and services are produced, sold, and bought on a national and global scale.

Microeconomics

Economics

Macroeconomics

Scarcity

4.

MULTIPLE CHOICE QUESTION

10 mins • 10 pts

A situation where there are not enough resources to satisfy needs.

Microeconomics

Resources

Macroeconomics

Scarcity

5.

MULTIPLE CHOICE QUESTION

10 mins • 10 pts

What does GDP mean?

Grand Developed Plans

Gross Domestic Product

Good Domestic Production

Great Dairy Products

6.

MULTIPLE CHOICE QUESTION

10 mins • 5 pts

Choose whether the example below is macro- or micro- Economics

The country of Saudi Arabia produces oil.

Macro

Micro

7.

MULTIPLE CHOICE QUESTION

10 mins • 5 pts

Choose whether the example below is macro- or micro- Economics

I bought a bag of chips from 7-11

Macro

Micro

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