New PFLE unit 1 review

New PFLE unit 1 review

12th Grade

25 Qs

quiz-placeholder

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New PFLE unit 1 review

New PFLE unit 1 review

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Michael Ford

Used 13+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Blane decides to go to the movies instead of going to work. The option that Blane did not choose is known as...

Alternative factor

Opportunity Cost

Additional Benefit

Factor of Production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which point on the graph represents "underutilization of the economy?"

A

B

F

E

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which point is not possible today but could be possible in the future?

A

B

F

E

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The law of demand states that as prices decrease

Quantity demand increases.

Demand increases.

Quantity demand decreases.

Demand decreases.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buying a Honda Civic and then suddenly seeing Honda Civics everywhere is an example of

Confirmation bias

Self-Limiting Bias

Ocerconfidence

Self-serving bias

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In which market do you sell your labor?

Product market

Resource market

Resource sector

Product sector

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Media Image

Limited resources and unlimited wants leads to the fundamental economic problem of

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