Mr. Fox's Quick Quiz #1 - Bell Ringer

Mr. Fox's Quick Quiz #1 - Bell Ringer

11th Grade

5 Qs

quiz-placeholder

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Mr. Fox's Quick Quiz #1 - Bell Ringer

Mr. Fox's Quick Quiz #1 - Bell Ringer

Assessment

Quiz

Financial Education

11th Grade

Medium

Created by

Doug Fox

Used 2+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

all possible consumption combinations of goods that someone can afford, given the prices of goods, when all income is spent; the boundary of the opportunity set

comparative advantage

marginal analysis

Budget Constraint

opportunity cost

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

measures cost by what we give up/forfeit in exchange; opportunity cost measures the value of the forgone alternative

Opportunity Set

Opportunity Cost

Budget Constraint

Marginal Analysis

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

all possible combinations of consumption that someone can afford given the prices of goods and the individual’s income

Marginal Analysis

Utility

Opportunity Cost

Opportunity Set

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

satisfaction, usefulness, or value one obtains from consuming goods and services

Opportunity Cost

Sunk Cost

Utility

Opportunity Set

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

costs that we make in the past that we cannot recover

Utility

Sunk Cost

Opportunity Cost

Opportunity Set