
EPF Unit 1
Authored by John Robinson
Social Studies
12th Grade
Used 1+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
The difference between scarcity and shortage is
scarcity is a natural & re-occurring condition; shortage is a man-made condition
shortage only happens with new products
shortage is a natural & re-occurring condition; scarcity is a man-made condition
shortage is the fundamental, universal economic problem
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary focus of EPF Unit 1 in Social Studies?
Economic principles
Political systems
Cultural diversity
Environmental issues
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a key concept in EPF Unit 1?
Supply and demand
Constitutional law
World religions
Climate change
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
EPF Unit 1 often discusses the role of what in the economy?
Government
Technology
Religion
Art
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In EPF Unit 1, which economic system is primarily analyzed?
Capitalism
Socialism
Feudalism
Communism
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a fundamental question addressed in EPF Unit 1?
How do markets function?
What is the role of the monarchy?
How do ecosystems work?
What are the causes of war?
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a topic covered in EPF Unit 1?
Market equilibrium
Judicial review
Cultural heritage
Biodiversity
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