Which of the following is a focus of economics?
Scarcity & Opportunity Cost

Quiz
•
Social Studies
•
12th Grade
•
Medium
JenniferRoma1 undefined
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20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Literature
Choices
Art
Music
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many types of incentives are there?
Two
Three
Four
Five
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the phrase "even if that action seems to be 'free'" suggest about perceived costs?
Perceived costs are always accurate
Perceived costs are often misleading
Perceived costs are irrelevant
Perceived costs are always zero
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the US military spending compare to other nations?
It is less than the next seven nations combined
It is equal to the next seven nations combined
It is more than the next seven nations combined
It is the same as one other nation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does PPC stand for in economics?
Production Possibilities Curve
Product Price Calculation
Profit Percentage Chart
Production Planning Committee
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a factor of production?
Land
Labor
Capital
Technology
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary benefit of Human Capital?
Increases physical assets
Enhances worker efficiency and innovation
Provides financial resources
Supplies raw materials
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