Economics Final Exam Review

Economics Final Exam Review

12th Grade

•

50 Qs

quiz-placeholder

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Economics Final Exam Review

Economics Final Exam Review

Assessment

Quiz

•

Social Studies

•

12th Grade

•

Practice Problem

•

Medium

Created by

Yolonda Bailey

Used 10+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image

Matching: Write only the correct letter to the corresponding question in the space provided next to each question.

People and nations must make decisions about resources.

A. impossible

B. production possibilities frontier

C. scarcity

D. trade-off

E. underutilization

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image

This is the alternative given up when something else is chosen.

impossible

production possibilities frontier

scarcity

trade-off

underutilization

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image

What does the letter A represent in the graph?

impossible

production possibilities frontier

scarcity

trade-off

underutilization

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image

What does the letter X represent on the graph?

A. impossible

B. production possibilities frontier

C. scarcity

D. trade-off

E. underutilization

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image

What is the line of this graph called?

impossible

production possibilities curve

scarcity

trade-off

underutilization

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Supply

Media Image
Media Image
Media Image
Media Image
Media Image

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image

Charts and Graphs (Matching): Write only the correct letter to the corresponding question in the space provided next to each question.

Supply

Demand

Equilibrium

Price

Disequilibrium

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