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Crash Course Economics: Intro to Economics

Crash Course Economics: Intro to Economics

Assessment

Interactive Video

•

Social Studies

•

10th Grade

•

Practice Problem

•

Medium

Created by

Cullen Reavis

Used 43+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is economics?

The study of the stock market

The study of getting rich

Men in bowties

The study of people and choices.

2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is opportunity cost?`

Evaluate responses using AI:

OFF

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two most important assumptions in economics?

Resources are unlimited.

Resources are limited. Scarcity exists.

Everything has a cost.

Some things are free.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How could the United States avoid having the 30,000 fatalities that result from car crashes?

get rid of all the cars

change the laws

allow people to teleport

self-driving cars

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do individuals still drive even though there is a slight chance they could end up dying in a car crash?

Because the benefits clearly outweigh the costs.

Because the costs clearly outweigh the benefits.

Because some people like the adrenaline rush from the risk of dying.

Because people love the freedom that comes with driving a car.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why can't we produce an infinite amount of weapons and consumer goods?

We have too many economic resources

We have too many economic needs to take care of

We do not have enough economic resources

We have do not have enough economic wants 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the opportunity cost of military spending?

The war we will win

The jobs of our military leaders

The resources not being used for social services, like feeding the hungry

All of the above are correct

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