Economics Quiz
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11th Grade
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Microeconomics focuses on individual economic units such as households and firms.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Macroeconomics studies the overall economy and its components.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is John Maynard Keynes?
A philosopher known for his ideas on ethics
A mathematician known for his work in geometry
An economist known for his theories on government intervention
A psychologist known for his theories on human behavior
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Keynesian economics?
An economic theory that emphasizes individualism
An economic theory that promotes socialism
An economic theory that supports free market capitalism
An economic theory that advocates for government intervention
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The physical objects that are tangible and someone buys are known as
Presents
All answers are correct
Goods
Services
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is supply and demand?
The relationship between the quantity of a good and its price
The amount of goods available in the market
The total number of consumers in the market
The financial cost of producing a good
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The intangible actions or activities that one person performs for another are known as
Services
Gifts
None
Goods
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