
Economics Quiz
Authored by Tamia Myers
History
12th Grade
Used 2+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of economics?
The study of weather patterns
The study of human behavior
The study of how people use resources
The study of ancient civilizations
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does scarcity refer to in economics?
Unlimited resources
Limited resources
Abundant resources
Infinite resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the four factors of production?
Land
Labor
Capital
Technology
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is an entrepreneur?
A person who studies economics
A person who starts and runs a business
A person who works for the government
A person who teaches economics
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is opportunity cost?
The cost of all opportunities
The cost of the next best alternative
The cost of production
The cost of resources
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does efficiency mean in economics?
Maximizing waste
Minimizing waste
Increasing costs
Decreasing production
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do incentives motivate people?
By providing punishments
By providing rewards
By increasing costs
By decreasing resources
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
26 questions
Americas
Quiz
•
8th - 12th Grade
31 questions
Ancient Rome
Quiz
•
KG - University
26 questions
Effects of the Erie Canal
Quiz
•
7th - 12th Grade
25 questions
Latin West (1200-1500)
Quiz
•
9th - 12th Grade
25 questions
History and Geography
Quiz
•
KG - Professional Dev...
25 questions
Cold War
Quiz
•
8th Grade - University
25 questions
Unit 7 Part 2 Review
Quiz
•
11th Grade - University
28 questions
Ramsey Classroom Chapter 1 Review
Quiz
•
12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
29 questions
Alg. 1 Section 5.1 Coordinate Plane
Quiz
•
9th Grade
22 questions
fractions
Quiz
•
3rd Grade
11 questions
FOREST Effective communication
Lesson
•
KG
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
Discover more resources for History
10 questions
Peloponnesian War: Key Events and Figures
Interactive video
•
6th - 12th Grade
50 questions
Quarter 3 Test/Early Cold War
Quiz
•
11th - 12th Grade
7 questions
History of St. Patrick's Day for Kids | Bedtime History
Interactive video
•
1st - 12th Grade
5 questions
TED-Ed: The breathtaking courage of Harriet Tubman - Janell Hobson
Interactive video
•
KG - University
36 questions
8th Grade US History STAAR Review
Quiz
•
KG - University
7 questions
Julius Caesar for Kids | Bedtime History
Interactive video
•
1st - 12th Grade
16 questions
US History Timeline Practice
Quiz
•
9th - 12th Grade