Economics Quiz

Quiz

•

Donal Enright

•

Business

•

2nd Grade

•

Hard

13 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the definition of economics?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the difference between our needs and wants. Illustrate in your answer.

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss in detail the 4 Factors of Production.

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Identify one example of each of the four factors of production from above.

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the three different types of economy and give an example for each.

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the 5 main economic indicators?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What is meant by inflation? Give 3 causes of inflation.

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OFF

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