Econ U nit 1

Quiz
•
Social Studies
•
University
•
Medium
Logan K
Used 1+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What motivates humans to complete tasks and other daily activities?
incentives
nothing
?
?
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The cafeteria is out of Italian Dunkers. There is an Italian Dunker _.
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is an economic enigma?
a term used to describe the best trade-off that you did not select
a "riddle" or economic mystery that economists try to answer
a wrench or a hammer
the person that organizes factors of production to make useful items
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The best trade-off is known as the...
opportunity cost
idea price
trade union
the cost of doing business with shady characters like my cousin Jerry
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of these resources is scarce?
Time
Water
Food
Land
6.
FILL IN THE BLANK QUESTION
1 min • 3 pts
For most people their pay check acts as an _ to do work.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What will happen to the price of a product if the supply remains the same but the demand increases?
The price of the product will INCREASE
The price of the product will DECREASE
The price of the product will remain exactly the same
Nobody knows and nobody cares
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