WorksheetsEcon Quiz 02
Total questions: 10
Worksheet time: 5mins
An increase in population will have which effect on a demand curve?
shift to the left
shift to the right
shift downward
no change
The economic problem of scarcity causes individuals and communities to make ___________ decisions.
supply
demand
unwise
trade-off
When making a trade-off decision, the choice not taken is called ______________.
Opportunity Cost
Inflation
Fixed Cost
Variable Cost
Which of the following bank accounts usually has the lowest interest rate for the depositor?
Certificate of Deposit
Savings Account
Money Market Account
Checking Account
Which of the following is a natural resource?
Forests
Shipping containers
Computers
Wage earners
Which economic model shows the possible combinations of producing two goods or services?
Circular Flow Model
Production Possibilities Curve
Supply Curve
Demand Curve
If used responsibly, credit cards can have all of the following benefits EXCEPT:
preventing inflation
building a good credit score
helping with costs in an emergency
earning travel points or cash back
Which of the following is considered a capital resource?
forests
rivers
iron ore
refrigerators
If someone chose to go see a movie on Friday night rather than attend a football game, what is the opportunity cost?
about $15
the benefit of attending the football game
the experience at the movie theater
the cost of the movie popcorn
Which of the following is a benefit of investing in the stock market?
stock investments are insured by the FDIC
gains on stocks are not taxable by the U.S. government
gains on stock investments can be greater that interest earned on bank accounts
stocks are easier to convert to cash than savings accounts
