1.1 Quiz Maxwell
Authored by Ken Maxwell
Social Studies
12th Grade
Used 2+ times
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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of how people choose to use their limited resources to satisfy their unlimited wants
Economics
Macro economics
Micro economics
Incentives
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of the economy at the level of individuals, households, and businesses
Positvie economics
Macro economics
Micro economics
Incentives
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Branch of economics that uses objective analysis to find out how the economy actually works, describes how things are
Incentives
Macro economics
Micro economics
Positive economics
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something that motivates a person to take a particular course of action
Positive economics
Incentives
Tradeoffs
Normative economics
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of the workings of the economy as a whole
Macro economics
Micro economics
Tradeoffs
Positive economics
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A system used to manage limited resources for the production, distribution, and consumption of goods and services
Incentives
Normative economics
Positive economics
Economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Value judgments to data in order to recommend actions or policies. The goal is to advise how things ought to be done.
Micro economics
Normative economics
Positive economics
Macro economics
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