Economics Definitions and Key Concepts

Quiz
•
English
•
10th Grade
•
Medium
+2
Standards-aligned
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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