AP Unit 2

Quiz
•
Social Studies
•
12th Grade
•
Hard
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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