ECONOMICS QUARTER 1

ECONOMICS QUARTER 1

11th Grade

88 Qs

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ECONOMICS QUARTER 1

ECONOMICS QUARTER 1

Assessment

Quiz

Other

11th Grade

Practice Problem

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Created by

JOANNA MADRID

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88 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is TRUE?

a. Economics is all about business management.

b. Economics deals with money and banking activities.

c. The main focus of economics is human’s choice.

d. Politics and business sector are the major concerns of economics.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an economic goal?

a. Stability

b. Equity

c. Full employment

d. Unified choice

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following comprises the economic resources?

a. Natural resources

b. Man-made resources

c. Both A and B

d. None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the father of classical economics?

a. Adam Smith

b. Karl Marx

c. Alfred Marshall

d. Lionel Robbins

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many businesses and essential activities around the world were much affected by Covid-19 pandemic. Is the global phenomenon related to economics?

a. No

b. Yes

c. Maybe

d. None of these

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is TRUE?

a. Applied economics focuses on the application of economic theory.

b. Applied economics is a tool used only by the businesses.

c. Applied economics is a tool used only by the public policy makers.

d. The scope of applied economics is broader than economics.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the statements is NOT TRUE about economic theory?

a. It is used to analyze a certain economic situation.

b. It can predict future economic phenomenon.

c. It provides reasons why things happen.

d. It is the only solution to the economic problem.

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