Unit 1 Test
Quiz
โข
Financial Education
โข
12th Grade
โข
Practice Problem
โข
Medium
+2
Standards-aligned
Jeffery Henkelman
Used 15+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
10 mins โข 3 pts
Which of the following is an example of a durable good?
A Car
Clothing
Food
Paper Product
2.
MULTIPLE CHOICE QUESTION
10 mins โข 3 pts
Which of the following IS NOT one of the questions all societies face?
What to produce
How often to produce
How to produce
For Whom to produce
3.
MULTIPLE CHOICE QUESTION
10 mins โข 3 pts
What is the fundamental economic problem facing all societies?
Competition
Too many resources
Too many consumers
Scarcity
4.
MULTIPLE CHOICE QUESTION
10 mins โข 3 pts
Which of the following is NOT a factor of production?
Entrepreneurs
Land
Opportunity Cost
Capital
5.
MULTIPLE CHOICE QUESTION
10 mins โข 3 pts
The production possibilities curve illustrates all possible combinations of __________.
Output
Products
Input
Services
6.
MULTIPLE CHOICE QUESTION
10 mins โข 3 pts
Which of the following is not a consumer right?
Right to Choose
Right to be Informed
Right to Safety
Right to Exchange
7.
MULTIPLE CHOICE QUESTION
10 mins โข 3 pts
The division of labor and specialization can improve __________.
Pricing
Productivity
Consumer Habits
Standard of Living
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