Search Header Logo

EL Economics Final Exam

Authored by Marcie VanDuinen

others

Used 2+ times

EL Economics Final Exam
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

35 questions

Show all answers

1.

OPEN ENDED QUESTION

30 sec • Ungraded

Last Name

Evaluate responses using AI:

OFF

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gerald has a test tomorrow. He wants to study for 1 hour. He knows he can make $15 per hour babysitting, if he decides to study, what is his opportunity cost?

$1
$15
$0

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity shapes our understanding of economics because _____

people can pursue capitalism
entrepreneurship
society has unlimited wants and limited resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Read the headline from CNBC: Amazon hires 10,000 new employees during COVID-19. What were they expanding?

land
physical capital
labor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

"Econoville" is deciding on their economic system. The townspeople are divided into 2 groups. Which group wants a more of a command economy?

Group A
Group B

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You have a choice between paying your water bill or buying a video game. If you choose to pay your water bill, you are…

choosing a need over a want
choosing a want over a need

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Using resources in such a way as to maximize the production of goods and services is called:

efficiency
underutilization
thinking at the margins

Access all questions and much more by creating a free account

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?