Unit 1 Intro to econ
Authored by Haechana Chelsea
Social Studies
12th Grade
Used 10+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
34 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Condition of having limited resources but unlimited wants....
Scarcity
Trade-off
Opportunity Cost
Cost-benefit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
are the businesses that produce goods, employ people and purchase goods...
Firms
Households
Factor market
Product Market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where the 4 factors of production are bought and sold...
Factor Market
Product Market
Government
Firms
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where firms sell their goods and services and people buy them...
Factor Market
Product Market
Government
Households
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Provides law and order, stability yet also provides goods and services...
Product Market
Factor market
Government
Firms
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The self-regulating nature of the market place. By pursuing his own interests, the individual promotes the interests of society: The Invisible Hand
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods provided to the govt to be used collectively by society...
Public goods
Private Goods
Economic equality
Economic equity
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
35 questions
May History Review
Quiz
•
4th - 12th Grade
31 questions
Philosophy Quiz - Lesson 1 and 2
Quiz
•
12th Grade
30 questions
Topic 4: Powers of the Legislative Branch
Quiz
•
12th Grade
29 questions
Test 7 Review
Quiz
•
9th - 12th Grade
30 questions
Cold War & the 21st Century Test Review
Quiz
•
8th - 12th Grade
31 questions
Pra PAS 2 Sosiologi
Quiz
•
12th Grade
34 questions
Unit 1 Review
Quiz
•
10th - 12th Grade
32 questions
Econ Unit 4 CFA 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 Social Studies
15 questions
SBAC Practice HSS26_Vasquez
Quiz
•
9th - 12th Grade
16 questions
SBAC Practice HSS26
Quiz
•
9th - 12th Grade
39 questions
Gov: Unit 2 Test Spring 2026
Quiz
•
12th Grade
25 questions
Unit 6: Economic Measurements Vocabulary
Lesson
•
12th Grade
36 questions
Unit 5 Key Terms
Quiz
•
11th Grade - University
7 questions
Japanese Imperialism
Lesson
•
9th - 12th Grade
15 questions
Unit 6A WWI Vocab
Quiz
•
12th Grade
10 questions
Erik Erikson's Stages of Human Development
Quiz
•
9th - 12th Grade