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Authored by Zola Showers
Other
12th Grade

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26 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
which tends to make economies more efficient?
specialization
government involvement
income redistribution
regulations for equity
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The amount of time it takes to do one additional task is known as:
Marginal Benefit
Trade-off
Marginal Cost
a pain
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A business building a new larger factory is an example of what?
purchasing stock
government spending
an example of investment spending that leads to economic growth
a consumer buying a house
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does a shortage in the Economy represent?
a permanent condition in a market suppliers decide to stop making something
less french fries with you burger
there are shortages only scarcity
a temporary condition in a market for a resource good or services
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Who encourages innovation?
Entrepreneurs by developing new products and processes
The government by providing subsidies
Unemployed people because they have time
society does
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What type of product resource is a tool used to build something?
Human Capital
Entrepreneurship
A tool
Physical Capital
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What consequence for consumers happens when the Government
deregulates industry restrictions?
Competition drops
Prices Drop
a Recession
Nothing
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