Unit 1 EPF Study Guide - Spring25

Unit 1 EPF Study Guide - Spring25

11th Grade

28 Qs

quiz-placeholder

Similar activities

ES Test Chapter 1

ES Test Chapter 1

11th Grade

25 Qs

SUMMATIVE TEST 1

SUMMATIVE TEST 1

9th - 12th Grade

24 Qs

Marine Ecology Assessment

Marine Ecology Assessment

11th Grade

25 Qs

Reporteros 1: U2L1 Self Check

Reporteros 1: U2L1 Self Check

9th - 12th Grade

23 Qs

Los Chicos Ana Maria Matute-párrafo 1-3

Los Chicos Ana Maria Matute-párrafo 1-3

10th Grade - University

23 Qs

Area and Perimeter of Triangles

Area and Perimeter of Triangles

6th Grade - University

23 Qs

2.CD1-T2_LEVEL1

2.CD1-T2_LEVEL1

9th - 12th Grade

33 Qs

The End of the Cold War

The End of the Cold War

11th Grade

25 Qs

Unit 1 EPF Study Guide - Spring25

Unit 1 EPF Study Guide - Spring25

Assessment

Quiz

others

11th Grade

Easy

Created by

Robert Sharpe

Used 8+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Opportunity Cost is best defined as:
A) The cost of producing a good.
B) The value of the next best alternative forgone.
C) The expenses incurred in a transaction.
D) The price difference between goods.

2.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Which of the following best defines a Market Economy?
Option 1A) An economy where the government makes all economic decisions.
B) An economy based on supply and demand with minimal government intervention.
C) An economy that combines elements of both capitalism and socialism.
D) An economy that relies heavily on barter systems.

3.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Per capita GDP is defined as:
A) The total GDP of a country divided by its population.
B) The GDP of a country without inflation adjustments.
C) The GDP of a country during a recession.
D) The GDP of a country at its peak.

4.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

In a Command Economy, economic decisions are made by:
A) Individual consumers and producers.
B) A central authority or government.
C) Market forces.
D) Private businesses.

5.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

A Mixed Economy combines:
A) Socialism and communism.
B) Elements of both market and command economies.
C) Only government ownership of resources.
D) Barter systems and market forces.

6.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

The Law of Demand states that:
A) As prices increase, demand decreases.
B) Demand remains constant regardless of price.
C) Higher prices lead to higher demand.
D) Demand is not affected by consumer preferences.

7.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Demand Elasticity measures:
A) The sensitivity of quantity demanded to price changes.
B) The total demand in an economy.
C) The fixed nature of demand regardless of price.
D) The relationship between demand and supply.

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?