Economics Pre-Test

Economics Pre-Test

12th Grade

35 Qs

quiz-placeholder

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Economics Pre-Test

Economics Pre-Test

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Rob Sullivan

Used 3+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The amount of a good or service that is wanted is called:

supply
demand
equilibrium
inflation

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The amount of a good or service provided is called:

supply
demand
equilibrium
inflation

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The total value of goods and services produced within the a country during one year.

Gross Domestic Product (GDP)

Gross National Income (GNI)

Gross Food Cafeteria (GFC)

Human Consumption Chart (HCC)

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

There are 4 _______________. They are land, labor, capital and entrepreneurship.

Factors of Production

Market Economy

Profit

Economics

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The study of how people seek ways to meet their wants and needs by making choices is called?

Economics

Philosophy

Capitalism

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following is semi durable good?

radio

clothes

milk

petrol

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It focuses on small scale decisions made by individuals and firms

Microeconomics

Macroeconomics

opportunity cost

Marginal Analysis

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