PreIB Economics Quizizz
Authored by Aléx Martínez
Other
9th Grade
Used 3+ times
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42 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limited resources compared to unlimited wants and needs.
Scarcity
Opportunity Cost
Utility
Marginal Cost
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The value of the next best alternative foregone when a decision is made.
Production Possibility Curve
Marginal Benefit
Opportunity Cost
Utility
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Resources that are abundant and do not have a limited supply.
Utility
Choice
Marginal Cost
Non-Scarce Resources
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All else being equal: The assumption that all other variables remain constant except the one being studied.
Choice
Ceteris Paribus
Marginal Cost
Law of Demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The selection of one option among alternatives.
Choice
Marginal Benefit
Opportunity Cost
Supply and Demand
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A graph that shows the maximum possible output combinations of two goods or services an economy can produce given its resources.
Aggregate Supply and Demand
Business Cycle
Production Possibility Curve
Inflation Graph
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
(a) : It illustrates the relationship between the quantity of a good that producers are willing to sell and the amount consumers are eager to buy at various prices.
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