
Economic Principle Assessment
Authored by Jake Cameron
Social Studies
12th Grade
Used 6+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
1. Your road trip team has $2,000 for expenses. After you buy gas and food, you have $300 left. You and your friends need to decide how to spend the remaining money. The decision to buy souvenirs instead of saving for emergencies represents:
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
2. On the road trip, you face the decision of stopping at an expensive tourist attraction or saving your money for other experiences. This decision demonstrates which concept?
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
3. You and your friends decide to take a detour to visit a famous landmark, but it adds 2 hours to your trip. What is the opportunity cost of this decision?
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
4. You’re faced with a tough decision: Stay at a cheap motel to save money or stay at a more expensive hotel with better amenities. This decision is about:
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
5. Your road trip budget only allows you to choose between one more night at a hotel or an additional sightseeing stop. What does this situation represent in economics?
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
6. You decide to eat at a fast-food restaurant on the way to your next destination because it’s inexpensive. However, you know it might lead to feeling sluggish later. This decision represents:
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
7. As you continue your trip, you notice that your friends’ enthusiasm about visiting new places is incentivizing you to drive longer hours. This is an example of:
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