First Term Economics Review

First Term Economics Review

9th Grade

28 Qs

quiz-placeholder

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First Term Economics Review

First Term Economics Review

Assessment

Quiz

Social Studies

9th Grade

Practice Problem

Easy

Created by

Gesus Dela Cruz

Used 2+ times

FREE Resource

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28 questions

Show all answers

1.

OPEN ENDED QUESTION

45 sec • 1 pt

Give one of the basic economic questions.

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

45 sec • 1 pt

Media Image

What is the opportunity cost of producing from Point L to Point H?

Evaluate responses using AI:

OFF

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

True or False: Point H fails to maximize all the available resources.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

True or False: Point J is only impossible given the current resources.

True

False

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Media Image

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.

Evaluate responses using AI:

OFF

7.

OPEN ENDED QUESTION

45 sec • 1 pt

What are the payments for land, labor, capital, and entrepreneur? List accordingly.

Evaluate responses using AI:

OFF

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