Unit 3 Test H

Unit 3 Test H

10th Grade

•

36 Qs

quiz-placeholder

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Unit 3 Test H

Unit 3 Test H

Assessment

Quiz

•

Social Studies

•

10th Grade

•

Practice Problem

•

Hard

Created by

Josue Ayala

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36 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is one of the three main economic questions every society must answer?

Where can we allocate specific resources?

What goods and services should be produced?

Who can we trade with?

How should healthcare be used?

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is economic growth?

Economic growth occurs when a nation's total output of goods or services increases over time

Economic growth is the increase in government spending within an economy.

Economic growth is the reduction of inflation rates within an economy

Economic growth is the decrease in the unemployment rate within an economy.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two reasons for economic growth?

Scarcity and population

Globalization and education funding
Population growth and inflation
Government intervention and natural disasters

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are increases in productivity in economics?

Increases in productivity refer to producing the same amount of goods or services using more resources

Productivity goes up whenever more can be produced with the same amount of resources.

Increases in productivity refer to producing fewer goods or services using the same amount of resources
Decreases in productivity refer to producing more goods or services using fewer resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is human capital so important?

Human capital is only important for personal development.
Human capital has no impact on economic growth.
Human capital is irrelevant in the modern world.

Human capital is the sum of people's skills, abilities, health, knowledge and motivation.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is specialization?

When you are really good at making something better than other people

Avoiding any specific expertise
Being a jack of all trades
Generalizing across various fields

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four categories that economic systems are categorized as?

Traditional Economies, Command Economies, Market Economies and Mixed Economies

Geolocation, Developed Countries, Developing Countries and Underdeveloped Countries

Primary Industries, Agricultural Economy, Industrial Economy, Service-based Economy

Feudalism, Mercantilism, Industrial Capitalism, Post-Industrial Capitalism

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