First Term Economics Review
Authored by Gesus Dela Cruz
Social Studies
9th Grade
Used 2+ times
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28 questions
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1.
OPEN ENDED QUESTION
45 sec • 1 pt
Give one of the basic economic questions.
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2.
OPEN ENDED QUESTION
45 sec • 1 pt
What is the opportunity cost of producing from Point L to Point H?
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3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: Point H fails to maximize all the available resources.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: Point J is only impossible given the current resources.
True
False
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
At which number of inputs did the diminishing marginal returns set in?
6.
OPEN ENDED QUESTION
45 sec • 1 pt
It refers to a capital resource's reduction in value due to wear and tear.
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7.
OPEN ENDED QUESTION
45 sec • 1 pt
What are the payments for land, labor, capital, and entrepreneur? List accordingly.
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