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Economics Quiz

Authored by Nicholas DeFrancesco

Business

12th Grade

Used 4+ times

Economics Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total market value of all final goods and services produced within a nation’s borders each year.

Gross domestic product (GDP)

Production

Costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The situation in which the average of all prices of goods and services is rising.

Stagflation

Inflammation

Inflation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The combined talents and skills of the workforce.

Working

Production

Knowledge

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Workers who create, distribute, and apply knowledge.

Workers

Knowledge Workers

Blue-Collar Workers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The subarea of economics that focuses on the economy as a whole by looking at aggregate data for large groups of people, companies, or products.

Macroeconomics

Microeconomics

Economic Aggregation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The number of suppliers in a market.

Suppliers Market

Market Structure

Market Makers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The subarea of economics that focuses on individual parts of the economy, such as households or firms.

Scale Economics

Microeconomics

Macroeconomics

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