FINAL EXAM - Economics: Work & Prosperity

FINAL EXAM - Economics: Work & Prosperity

11th Grade

78 Qs

quiz-placeholder

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FINAL EXAM - Economics: Work & Prosperity

FINAL EXAM - Economics: Work & Prosperity

Assessment

Quiz

History

11th Grade

Practice Problem

Easy

Created by

Amanda Harris

Used 6+ times

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78 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

? deals with the study of specific components within an economy.

microeconomics

macroeconomics

statistics

geography

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Prodigality refers to spending more than one can afford.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The principle of diminishing marginal utility states that as one’s supply of a good increases, the satisfaction derived from each additional unit tends to decrease.

True

False

Only for luxury goods

Only when price increases

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ? good is a product made for direct use by individuals.

consumer

capital

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A prosperous economy depends upon ?, the trait of doing quality work in an efficient manner.

industriousness

laziness

careless

mediocre work

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the price of a good falls, the quantity supplied tends to decrease.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a country finds ways to produce more goods from existing resources, the prosperity of the national economy increases.

True

False

Sometimes

Never

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