
Economics
Authored by Ms Neal
Life Skills
9th - 12th Grade
Used 2+ times

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28 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is efficiency?
Use of the smallest amount of resources to produce the greatest amount of output.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Division of Labor/Specialization
Division of Labor/Specialization helps businesses to be more efficient.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Specializing
Individuals who do one task many times a day are more proficient than someone doing 100 different tasks in a day
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Producers and consumers agree to provide one type of item in return for another.
Exchange
Barter
Money
Credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Barter
Trade this for that and a little extra
Exchange of one good for another
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is credit?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The value of currency expressed in terms of another
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