AP Unit 2

AP Unit 2

12th Grade

15 Qs

quiz-placeholder

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AP Unit 2

AP Unit 2

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

John Robinson

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When a country has ________________ they will specialize in producing that good.

comparative advantage

absolute advsantage

opportunity cost

non-beneficial trade

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When a country has ____________ they will specialize in producing that good and they will __________ it to another country.

comparative advantage, import

absolute advantage, export

absolute advantage, import

comparative advantage, export

3.

MATCH QUESTION

1 min • 1 pt

Match the following

water

Entrepreneur

hammer

Capital

Land, Labor, Capital,

Entrepreneurship

Land

human resources

Labor

money/investment

Factors of Production

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If price changes first, what will change next on a supply and demand graph

Supply or Demand

Quantity Supplied or Quantity Demanded

Equilibrium, Disequilibrium

Not enough information to answer

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary focus of AP Unit 2 in Social Studies?

Economic systems

Political ideologies

Cultural interactions

Geographical features

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which economic concept explains why countries trade with each other?

Comparative advantage

Monetary policy

Fiscal policy

Inflation

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In the context of AP Unit 2, what does GDP stand for?

Gross Domestic Product

Global Development Plan

General Data Protection

Gross Domestic Policy

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