Search Header Logo

2025 Economics Final

Authored by Raul Rivera

Other

12th Grade

Used 8+ times

2025 Economics Final
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Media Image

A situation where a good or service is unavailable is called a ____________.

Shortage

Surplus

Equilibrium

Substitute

2.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Media Image

The study of how people make choices to satisfy their wants and needs is called ____________.

Economics

Biology

Geography

Sociology

3.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Media Image

The four factors of production are ____________, ____________, ____________, and ____________.

Land, Labor, Capital, Entrepreneurship

Land, Money, Technology, Management

Labor, Capital, Technology, Resources

Land, Labor, Money, Organization

4.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Media Image

The law of ____________ states that as the price of a good increases, the quantity supplied increases, and as the price decreases, the quantity supplied decreases.

Supply

Demand

Diminishing Returns

Equilibrium

5.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Media Image

A graphical representation that shows the maximum possible output combinations of two goods is called a ____________.

Production Possibilities Frontier

Demand Curve

Supply Schedule

Budget Line

6.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Media Image

The point at which quantity demanded equals quantity supplied is called the ____________.

Equilibrium

Surplus

Deficit

Price Floor

7.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Media Image

Resources that are used to make goods and services, such as land, labor, and capital, are called ____________.

Factors of Production

Consumer Goods

Public Services

Natural Resources

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?