Economics Chp 1 Quiz

Economics Chp 1 Quiz

9th - 12th Grade

20 Qs

quiz-placeholder

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Economics Chp 1 Quiz

Economics Chp 1 Quiz

Assessment

Quiz

History

9th - 12th Grade

Practice Problem

Hard

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

human effort directed toward producing goods and services

labor

work force

placement

arcadian

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an assumption involving two or more variables that must be tested for validity

validity test

hypothesis

economics

guesstimation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

as an economic term, land refers to

work people do

machinery

natural resources

knowledge

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the production and distribution of goods and services in a society

values

butter

goods

economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the basic problem of economics is

scarcity

shortages

lack of choice

overabundance of resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

graph showing the maximum combinations of goods and services that can be produced from a fixed amount of resources in a given period of time

productions possibilities curve

possibly possible possibilities plan

probably possible graph

impossible possible possibilities chart

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the study of how individuals and societies make choices about ways to use scarce resources to fulfill their needs and wants

exports

eHarmony

encomium

economics

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