3 September - Economy Review
Authored by Christopher Daniel Bringer
Social Studies
12th Grade
Used 1+ times
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10 questions
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1.
MATCH QUESTION
1 min • 1 pt
Match the following
Lemonade Stand
Capital
Lemons
Labor
Lady Worker
Land
Lady Salesman
Entrepreneur
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stephen continues to study, 1 extra hour each day for the test on Friday. For every hour he studies his grade will improve by 1 letter grade.
Marginal Cost
Marginal Benefit
Opportunity Cost
Scarcity
3.
REORDER QUESTION
1 min • 1 pt
Reorder the following for the Rational Decision Making Process
Identify the Problem
Determine Alternatives or Options
Make a decision
Analyze Options
Select or determine yoru criteria
4.
MATCH QUESTION
1 min • 1 pt
Match the following with the allocation resource MOST appropriate.
Lottery
Need
Majority Vote
Contest
Price
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you look at the benefit you lost when making another decision?
Marginal Benefit
Marginal Cost
Opportunity Cost
Entrepreneur
6.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Entrepreneurs take great (a) in order to gain a Profit.
7.
MATCH QUESTION
1 min • 1 pt
Match the Term with the defintiion.
Surplus
Human and Physical are two examples
Entrepruener
Essential for survival
Capital
Takes risks to gain profits
Need
Desire for a good or service
Want
When you have too many goods and services.
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