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assesment one - geo,eco,civics

Authored by Muqadas Hameed

Social Studies

12th Grade

Used 5+ times

assesment one - geo,eco,civics
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the basic problem of economics?

Unlimited resources

Limited resources

Scarcity of resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a factor of production?

Technology

Demand

Land

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does GDP stand for?

Gross Domestic Product

Government Data Projection

Global Development Plan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation means:

A general increase in prices

A decrease in prices

A rise in the value of money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A market economy is one where:

Supply and demand set prices

There is no competition

The government controls all production

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy does the USA have?

Traditional

Mixed

Command

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of a renewable resource?

Natural gas

Coal

Wind

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