Economics Definitions and Key Concepts

Economics Definitions and Key Concepts

10th Grade

55 Qs

quiz-placeholder

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Economics Definitions and Key Concepts

Economics Definitions and Key Concepts

Assessment

Quiz

English

10th Grade

Medium

CCSS
RI.9-10.4, 6.RP.A.3D, RI.11-12.4

+2

Standards-aligned

Created by

Jude S

Used 1+ times

FREE Resource

55 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Investment is spending on _______ to increase future production (e.g., machinery, factories).

capital goods

consumer goods

services

raw materials

2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Fill in the blank: Human Capital refers to the ______, education, and health of workers that improve productivity.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is included in GDP?

Used goods

Consumer spending

Financial assets

Household production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT included in GDP?

Government spending

Net exports

Used goods

Investment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Stagflation is a situation with high inflation and high unemployment, usually from supply shocks.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Cost-push inflation occurs when prices rise due to increased ______ costs.

production

consumption

advertising

distribution

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Demand-pull inflation occurs when prices rise due to excess ______.

demand

supply

taxation

production

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