Economics Final Exam Study Guide
12th Grade
•13 Qs
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Economics Final Exam Study Guide
Quiz
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Other
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12th Grade
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Practice Problem
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Easy
Taylor Gardiner
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13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the Fundamental Economic Problem?
Scarcity
Supply and Demand
Budgeting
Debt
2.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the 4 factors of production?
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Answer explanation
3.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the 4 different types of goods?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
What are services?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the 3 different types of economic systems?
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6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a mixed economy?
Mixture of Command and Market
Mixture of Command and Market
Mixture of Traditional and Market
Mixture of Command and Capitalism
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the Market Clearing Price?
The point where demand and supply meet in the middle
When price becomes final on supply and demand
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