(ECO) Ch.1 Vocabulary pt.2

(ECO) Ch.1 Vocabulary pt.2

12th Grade

10 Qs

quiz-placeholder

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(ECO) Ch.1 Vocabulary pt.2

(ECO) Ch.1 Vocabulary pt.2

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

miguel rivera

Used 8+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the social science that studies how individuals, businesses, and governments allocate resources to satisfy their wants and needs?

Economic growth

Consumerism

Cost-benefit analysis

Economics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term refers to products that are purchased for personal satisfaction and enjoyment?

Economic interdependence

Consumer good

Capital

Standard of living

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the measure of the overall economic health of a country, indicating the standard of living of its citizens?

Human capital

Economic growth

Standard of living

Economic model

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term represents the accumulated knowledge, skills, and expertise of individuals in a society?

Economic model

Human capital

Intangible

Capital

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In economics, what is the study of the relationship between costs and benefits of a decision or action?

Consumerism

Economic interdependence

Cost-benefit analysis

Economic model

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which concept refers to the interconnectedness and mutual reliance of economies on each other?

Capital

Economic growth

Economic interdependence

Standard of living

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the overall level of comfort and well-being of individuals and societies?

Standard of living

Economic model

Consumer good

Intangible

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