Basic Economics
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Junaid Khan
Used 8+ times
FREE Resource
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12 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
______ is the value of the next best alternative foregone (given up) when a choice is made
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
_____is something you must have to survive or to do something
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
____ is something you desire but it is not essential
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Resources are _____ in relation to wants
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Choices need to be made about how to ______ resources among competing uses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many economic agents are?
Two
Three
Four
Five
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A rise in the minimum wage decreases employment.
Positive Statement
Normative Statement
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