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economics quiz

Total questions: 4

Worksheet time: 4mins

Name
Class
Date
1.

What is the problem with exchanging currency?

a)

People make more money by trading currency.

b)

Most people want to use American dollars to trade.

c)

Banks do not like to exchange their money for other currencies.

d)

It costs more to do business because banks charge fees for exchange.

2.

Choose

a)

1 Do you know Economics?

A. Yes

B. No

C. A is answer

D. all

b)

2 Which one is Economic resource?

A.Land

B. Labor

C. Capital

D. all

c)

3 Who is the father of Economics?

A. Keynes

B. Adams

C. Davide

D. none

d)

4 Micro Economics study about?

A. total income

B. Total employment

C. Total out put

D. None

3.

The type of government that has total control over the people and the police use power by force is called what?

a)

Anarchy

b)

Monarchy

c)

Limited

d)

Authoritarian

4.

What is the definition of a need?

a)

something you would like to have

b)

something you have to have to live

c)

when the item that you want is hard to find

d)

the amount of people who want to purchase an item