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Economics Quiz

Authored by Renso Tamez

Social Studies

12th Grade

Economics Quiz
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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What Goods and Services Should Be Produced?

Only things that are needed

Only things that are wanted

A combination of things, Needs and wants.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who Consumes the Goods and Services That Are Produced?

The population/people

The animals

Only the most important people in a society.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the United States, transactions like the purchasing tickets, groceries, and other items help determine what goods and services are produced, how they are produced, and who consumes them. Describe how these transactions affect the economy?

They don't affect the economy at all.

The move the economy from a fundamental stand point.

These transactions change supple and demand.

4.

OPEN ENDED QUESTION

3 mins • 1 pt

In recent years, many retailers have turned to the Internet to sell their goods and services. Describe how might the use of the Internet help achieve the economic goal of efficiency?

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OFF

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What determines the economic system of a society?

The way it addresses the fundamental economic problems

The choices it makes about who gets to consume goods and services

The resources it employs to manufacture goods and services

The compromises it makes to produce goods and services

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic principle is demonstrated by the ability of individuals to establish and operate their own businesses?

Efficiency

Freedom

Security

Equity

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