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Economics Final Exam 2024

Authored by Katherine Sparks

Social Studies

12th Grade

Economics Final Exam 2024
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45 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is the main economic problem?

(a)  

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What does scarcity mean?

(a)  

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Because of the scarcity, what do we have to make?

(a)  

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is unlimited and endless in economics?

(a)  

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is limited in economics?

(a)  

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is  the value of what a person gives up when they make a choice?

(a)  

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the 3 basic economic questions that every society must face?

What is being produced? (How much?)

How is it being produced?

For whom is it being produced?

What is for lunch?

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