Unit 1&2 Quiz Economics E.01-15
Authored by Christopher Green
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12th Grade
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25 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The study of how scarce resources are allocated.
Economics
Demand
Supply
Resources
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Inputs used to produce goods and services.
Economics
Demand
Supply
Resources
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The quantity of a good that consumers are willing to buy.
Economics
Demand
Supply
Resources
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The quantity of a good that producers are able to sell.
Economics
Demand
Supply
Resources
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
"All things being equal"
Caveat Emptor
Ceteris Paribus
Sine Qua Non
Dictum Meum Pactum
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
When the quantity demanded equals the quantity supplied.
The Federal Reserve
Shortage
Market equilibrium
Surplus
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Where the demand and supply curves intersect.
The Federal Reserve
Shortage
Market equilibrium
Surplus
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