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WorksheetsEconomics Club Interest Meeting
Total questions: 10
Worksheet time: 6mins
Which of these people is on the Economics Club leadership team?
Jeremiah
Leroy
Neehal
Dharm
True or False: Economics is the study of decision-making and the consumption, production, and transfer of wealth
True
False
What national competition can Economics Club prepare you to compete in?
Economics Bee
International Economics Olympiad
National Economics Challenge
Delaware Economics Tournament
Which of these people is NOT a famous economist?
Adam Smith
Milton Friedman
Karl Marx
Charles Babbage
What is the opportunity cost of going to the movies today night?
The cost of your ticket
The time you could've spent doing something else
The cost of producing the movie
The time it took to produce the movie
What is a trade deficit?
When a country's net imports exceeds its next exports
When a country's net exports exceeds its net imports
When over 30% of country's consumed goods are imported by a foreign country
When over 30% of country's consumed goods are exported by a foreign country
What is the relationship between PRICE and SUPPLY?
When price increases, supply increases
When price decreases, supply increases
Which of these is closest to the current unemployment rate according to the Bureau of Labor Statistics?
1%
5%
15%
20%
What is a monopoly?
When an industry's market share is almost totally dominated by one supplier
When an industry's market share is dominated by three or four suppliers
When the government has total control over an industry in a country
What does GDP stand for?
General Domestic Production
General Development Process
Gross Domestic Product
Global Development Process
