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Behavior Econ

Authored by Serena Smith

Social Studies

12th Grade

Used 6+ times

Behavior Econ
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the founding principle of the U.S economy?

saving money

free enterprise

hard work

private property

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system relies heavily on customs?

traditional

mixed

command

market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most widely used economic system in the world?

traditional

mixed

command

market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by scarcity?

unlimited resources & unlimited wants and needs

limited resources & limited wants and needs

limited resources and unlimited wands and needs

unlimited resources and limited wants and needs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the driving force in the US economy?

banks

government

entrepreneurship

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cognitive biases are...

a choice

an error

a mindset

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

FOMO means

fear of missing out

fear of moms online

neaither of the above

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