Unit 1 Scarcity and markets
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Easy
Amanda Briscoe
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Land, Labor, Physical Capital, Human Capital, Entrepreneur are examples of?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of Physical Capital?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an example of the factors of production?
Capitol
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In economics, what you give up is referred to as?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In economics this word means happiness or satisfaction?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You choose to ride your horse instead of walking your dog, what is your opportunity cost in this situation?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are planning a vacation, you are trying to decide to go to the Bahamas or France, making one choice over another is known to as?
utility
marginal
tradeoff
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