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WorksheetsBUS 1.1 Formative
Total questions: 15
Worksheet time: 3hrs 30mins
The field of study of the process or system by which goods and services are produced, sold, and bought.
Microeconomics
Economics
Macroeconomics
Resources
The field of study of the process or system by which goods and services are produced, sold, and bought at the individual and company level.
Microeconomics
Economics
Macroeconomics
Resources
The field of study of the process or system by which goods and services are produced, sold, and bought on a national and global scale.
Microeconomics
Economics
Macroeconomics
Scarcity
A situation where there are not enough resources to satisfy needs.
Microeconomics
Resources
Macroeconomics
Scarcity
What does GDP mean?
Grand Developed Plans
Gross Domestic Product
Good Domestic Production
Great Dairy Products
Choose whether the example below is macro- or micro- Economics
The country of Saudi Arabia produces oil.
Macro
Micro
Choose whether the example below is macro- or micro- Economics
I bought a bag of chips from 7-11
Macro
Micro
Choose whether the example below is macro- or micro- Economics
The United States will offer military protection in exchange for access to a country's resources.
Macro
Micro
Choose whether the example below is macro- or micro- Economics
An elevator company in CT installs one in a business.
Macro
Micro
Choose whether the example below is macro- or micro- Economics
Allowing your neighbor to borrow a tool to do yard work.
Macro
Micro
Both
Neither
Choose whether the example below is macro- or micro- Economics
The United States & China in a trade war.
Macro
Micro
Both
Neither
Choose whether the example below is macro- or micro- Economics
Bob Sells Burgers To Teddy
Macro
Micro
Both
Neither
Choose whether the example below is macro- or micro- Economics
A recent law allows the U.S. to make food costs lower, causing grocery stores sell more.
Macro
Micro
Both
Neither
Choose whether the example below is macro- or micro- Economics
Buying a flight to Mexico
Macro
Micro
Both
Neither
Choose whether the example below is macro- or micro- Economics
Using your membership to a gym.
Macro
Micro
Both
Neither
