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WorksheetsAZK Economics SSEF2
Total questions: 10
Worksheet time: 8mins
Brian wants to buy a soda and a box of popcorn at the movies. However, he only has enough money for one or the other. If Brian buys the soda, which of the following is his "opportunity cost"?
the price of the soda
the price of the movie
the satisfaction of eating the popcorn
his thirst
SSEF2b
Name for the risk-taking businessmen who start businesses and are one of the factors of production.
Land
Labor
Capital
Entrepreneurship
Juan realizes that if he studies an extra hour for his test, he will score five points higher. For each extra hour spent studying, he is getting one hour less sleep. When deciding whether to spend an additional hour studying or sleeping, Juan is engaged in what economic activity?
bartering
marginal analysis
market transactions
trade negotiations
What is Marginal Advantage (Analysis)?
Making a decision by comparing costs and benefits
Making a decision by comparing scarcity and choice
Living on the edge because you have an advantage
The advantage of using margarine
Getting paid for doing chores is a _______________ incentive.
positive
negative
Getting grounded for fighting is a __________________ incentive.
positive
negative
Which of these is an example of an incentive?
A mechanic changes the oil on your car.
Your teacher says if you finish your work early, you can have extra recess.
