Unit 01: Making Financial Decisions Quiz

Unit 01: Making Financial Decisions Quiz

12th Grade

22 Qs

quiz-placeholder

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Unit 01: Making Financial Decisions Quiz

Unit 01: Making Financial Decisions Quiz

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

Daniela Perez

Used 4+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

Which visual elements are used to represent the Economics section in the class structure?

Cartoon figure with arms raised

Icons of money, graphs, and people

Piggy bank and financial symbols

None of the above

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following is NOT listed as a key term in the provided material?

Economics

Scarcity

Technology

Goods

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which term from the list refers to items that are produced and can be bought or sold?

Services

Goods

Scarcity

Resources

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which term from the list is most closely associated with the study of how people use resources to satisfy their needs and wants?

Economics

Services

Goods

Scarcity

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the primary focus of economics as described in the material?

The study of how individuals, institutions, and society deal with the condition of scarcity

The study of weather patterns

The study of animal behavior

The study of ancient civilizations

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Given the definition of scarcity, how might a society prioritize the allocation of its limited resources?

By making choices about what is most important to satisfy unlimited wants

By ignoring the needs of its people

By producing only luxury goods

By not using any resources at all

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is economics?

The study of how people make choices to satisfy their needs and wants

The study of living organisms

The study of weather patterns

The study of ancient civilizations

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