

Crash Course Economics: Intro to Economics
Interactive Video
•
Social Studies
•
10th Grade
•
Practice Problem
•
Medium
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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