Econ Final Exam Review
Authored by Luke Queen
Social Studies
12th Grade
Used 16+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unlimited wants and limited resources
Subsidy
Scarcity
Cyclical Unemployment
Mixed Economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Possible options that we can choose from when we face scarcity
Trade-off
Sole Proprietorship
Structural Unemployment
Market Economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which something needed cannot be obtained because of in sufficient amounts
Trade-off
Shortage
Mixed Economy
Factors of Production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The next best alternative given up when a choice is made
Price Floor
Appreciate
opportunity cost
Frictional Unemployment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
land, labor, capital, entrepreneurship
Sole Proprietorship
Factors of Production
Tariff
Trade-off
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gross Domestic Product, measured by economic growth
structural unemployment
Factors of Production
GDP
Sole Proprietorship
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consumer Price Index, measured by price stability
Mixed Economy
CPI
Depreciate
Tariff
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