Economics Final Exam Review
12th Grade
•50 Qs
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Economics Final Exam Review
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Medium
Yolonda Bailey
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50 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
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
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
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
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
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
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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